Elder Impulse System - any experience?

Mrs M

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Hi, I've recently started using Elder Impulse charts, after reading a post about them on tradersbulletin. Am using them on dailies at the moment, and having some success, but would really like to hear from anyone who's using these on shorter timeframes, and ideas to avoid getting into frequent 'duff' trades in sideways markets. Many thanks in advance ...
 
I have tried it for a while on my demo account but also on a weekly - daily timeframe. I was losing very consistently with it though (saying this maybe I should try it again but do the opposite, would be quite beneficial :p) so I stepped away from it. Have not tried it yet with shorter time frames but I think it would work better there. Needs a lot more work though and due to a day job that is currently not feasable for me
 
Thanks for your feedback. Was thinking about adding the ADX indicator in an attempt to filter out sideways action. Any thoughts?
 
I don't have any experience using that indicator so don't really have an opinion on that. Sorry I can't be of more help
 
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