using a moving average will not help you beyond what you see on a chart already - a 5 year old could tell you if price is moving up or down - the challenge is being able to interpret it relative to the time frame
rowdy wrote:Sorry Razor and MO, please let me briefly interrupt.
I have edited my post on the modification to the teoman scalping strategy.
After backtesting, it is apparent to me that you can still get caught in a breakout. Sometimes the Sema 3 and MA Cross happens really early.
I have yet to come up with a stoploss that works at this point. Razor may be right in his analysis on trading semafors.
I am clearly getting to the point where I am just getting good enough at this to be dangerous. If you still decide to try this and if the price goes against you 3 times and keeps moving away, cry uncle and bail out. I sincerely apologize if anyone has lost any real money because of me. I sincerely thought I was really on to something here.