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Since others are having comfortable profits with Advanced GET R/T 1 minute
SP, here are my settings / studies I use to make comfortable profits.
THESE ARE ONLY SUGGESTIONS AND OPINIONS. NO
ACTUAL TRADING ADVICE IS GIVEN OR SHOULD BE
IMPLIED.
Remember, the default Advanced GET R/T settings are probably conservative
and based on EOD studies. Because a day-trader wants to get (excuse the
pun) in and out quickly, the settings / studies I use have been changed to
the following:
1) XTL - 8 periods
2) 5/35 Osc Breakout Bands - 50%
3) Moving averages - 6,4 High and Low
Enter Long when BLUE CLOSE is above 6,4 High MA
Hold long until:
A) The 6,4 High turns sideways (tighten real or mental stops), and /
or
B) A RED BAR appears, and or
C) Three equal highs appear (tighten real or mental stops), and / or
D) Prices enter a MOB
Enter Short when RED CLOSE is below the 6,4 Low MA
Hold Short until:
A) The 6,4 Low turns sideways (tighten real or mental stops), and /
or
B) A BLUE BAR appears, and or
C) Three equal lows appear (tighten real or mental stops), and / or
D) Prices enter a MOB
For you crap-shooting cowboys out there, some other ideas are:
1) ONE MORE BAR RULE - when prices enter a MOB and you think
there's
more of a trend, keep watching "one more bar" after prices
enter a
MOB level.
2) BLACK BARS - black bars only indicate a "caution" - a stalling
point -
before the trend continues.
3) 21 EXPONENTIAL MA - a 21-period exponential MA may give you:
A) The "overall" trend of the market
B) When going sideways, prices may be in a channel
(see Jan
and Mar '98 TASC magazine).
4) CLOSES BETWEEN 6,4 MAs - when closes are between the 6,4 High
and the 6/4 Low MA, BE CAREFUL. A reversal may be
starting.
Any comments, criticisms or suggestions???? I'd be happy to read them!
Good luck and good trading.
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