First of all, I'd like to thank this forum and each of the individuals that have very generously contributed their advice!!!
I really appreciate the generally positive and supportive tone of most of the participants (the exceptions to the know who they are ).
I'd like to return a bit...
I am really surprised at how little people in this forum discuss using multiple time frames - MTF's. In my experience, utilizing MTF's is imperative.
I am putting together a post for a system that I call. It's a trend after system, arguably 100% mechanical. Generally the target is 20 pips, however, the signals often merit holding some of the position to get a target.
Listed below are a few pictures of the 100% mechanical entrances. In the picture named brief, brief entrances (magenta arrows) are taken at the Down arrows. For the file provided the opposite is true. Entries (the arrows) are NEVER taken counter tendency.
If there's any interest in, I will provide all details of the MTF trend following system along with my personal Metatrader templates along with a complete description. FYI: These templates may be used to ID HP (High Probability Mouteki/Sidus/Bago set ups too ).
-Daniel