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Daniel,
Try exiting after price closes above or below the Standard Error Bands (8
period linear regression; 2 standard errors, and a 3 period sma). If price
continues to move in your direction, hugging the linear regression line, it
keeps you in the trade. If price spikes in your direction, you're out. If
price moves against you, hopefully, you have a stop-strategy in place.
Take care,
Steve
----- Original Message -----
From: "traderix2003" <d.adam@xxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Friday, July 25, 2003 3:28 AM
Subject: [amibroker] INDICATOR FOR EXIT
I´m still loking for a good indicator only to EXIT my trades
(commodities).I tried almost everything and retain those three:
. R SQUARED + LINEAR REGRESSION SLOPE
. STOCH RSI
. TRIX
Who has experience with those indicators?
Perhaps has somebody a better idea?
Welcome to all innovative ideas!
Regards. Daniel
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