Thanks very much Nigel for your comprehensive reply.
I spent a lot of today looking but didn't see anything half decent so maybe tomorrow will be better....I'll post any trades I take.
New question, if the 4Hr 60ma is trending down, the 1Hr 60ma is trending up (slightly) and the 5min 60ma is trending down AND the price action is below the 60ma on all three then is that a signal to enter a short trade? Or do all three Ma's need to be trending in the same direction as well...
That's great Nigel and I do appreciate your time.
I've drawn on your 5 min chart to highlight my next question:
If I 'missed' your entry point would I then be able to get into the trade where I marked (thin red line) using the more recent low (shown as the thick red line)?
Or is it only...
I'm sure I'm being stupid but if the candles are below (or above) the 60ma on the 4hr, 1hr and 5 min tf and in agreement with each other do I have to wait for the candle cross on the 5min tf or can I jump in at any time if all the rules agree?
Jesteruk - Do you seriously contend that every review a dn every comment written about every EA out there is written by people intent on helping me to squander my hard-earned money?
I take with a pinch of salt 'reviews' and sales pages but seeing hundreds of posts by multiple people on forums...
Thank you everybody for your advice (all aspects) and I do appreciate the frankness some displayed ;-)
To be completely honest I wasn't looking for 'an easy buck' or a magic money tree but at the same time I don't believe in 're-inventing the wheel' and was thus here to find out if the 'wheel'...
'consistently repeating' is the key part there, on any one spin the probability is 50% (excluding the 0 or 00 dependant on wheel) and whilst this is true for every subsequent individual 'spin', as part of a series the probability does reduce statistically in much the same way that selecting a...
Not disappointed in the advice specifically but disappointed in the low number of replies / opinions considering the number of people on the forum.
Also, to be completely honest, quite surprised that on a 'trading' site the responses I had were generally of the 'don't bother', 'it takes years...
20% can be great if it's every month for a reasonable amount but 20% profit on £1000 over a year wouldn't pay the bills ;-)
I'm suprised to be honest at the general tone of the replies I've had so far, if the trading industry is so full of charlatans and disappointment then why are there so...
OK, so realistically I'd probably be better off buying 2nd hand cars or stock from China and selling on for a 20% profit or so, rinse and repeat etc....