MegaTrendFX Nitro + version 5.00
By : http://www.wyfxco.com/ http://megatrendfx.com/
Broker : FBS Markets Inc
By : http://www.wyfxco.com/ http://megatrendfx.com/
Broker : FBS Markets Inc
 |
| MegaTrendFX Nitro + version 5.00 |
Infinite Guidelines
There is not just one correct way to trade profitably or use these tools to do so. There are infinite ways.
Do not be afraid of 5NITRO+ or overwhelmed. Load it onto your chart and observe it for a few days or a week. Observe how it responds in different situations and on different time frames.
The default Alert Level of 50% is not Magical. Nothing about 5N+ is Magical. As is outlined below, 50% is representative of 75% of all parameters of the entire meter indicating the same trend bias.
90% was the last Alert Level used while Beta Testing and used in the FBS Account Results for most of the later higher time frame trades. With it loaded on my trading selection of 40-70 symbols at once and on different time frames mainly focusing on H1 or higher, I generally sought to be informed of major market happenings and major flows for that particular methodology at the time.
Once visually and or audibly informed, observation and analysis of like-kind and correlated symbols was done. My own internal decision making algorithm was applied. This included and always includes all applicable technical + fundamental information at my disposal. How much influence either the technical or fundamental information has on each and every decision varies with each decision. There are no absolutes.
But again, the primary goal of this beta testing was just that … to test the product and make necessary adjustments where necessary. So in reality during this testing process in an effort to achieve more pure results, technical information carried more weight within my internal decision making algorithm than it normally does.
NITRO +, ClearChart, and the 200SMMA all combined were afforded more influence on each and every decision than normal. So as to make the testing as pure as it possibly could be. But the caveat of this is of course I still remained aware of overall fundamental happenings. It was impossible to eliminate this fundamental influence from the equation completely, as this was not an EA being tested.
This 90% initial alert might be suitable for higher take profit levels similar to in the account statement with longer hold times. Depending of course on each individual user and methods, this may not suitable for Intraday traders as it can actually sometimes indicate the window for opportunity may be over, at least momentarily....
Read more on Wedsite ....
Post a Comment
Note: Only a member of this blog may post a comment.