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Originally Posted by drayco
I have been using the edge for the GBP/US with daily charts and it works great! I also use it with one hour charts, but i prefer the simplicity of only having to look at charts at 1700 hrs est. The charts she originally sent me covered this year to September and when a trade is up 400 pips use a 150 pips trailing stop. Seven out of eight trades were winners for a total of over 3,000 pips. Once i was able to reproduce the results i began trading and it works great! Another exit is when either indicator moves past the point to where it obviously would be doing the opposite of what got you in the trade. This keeps you in the trade and gets you out at just the right time. I don't know how it works with anything other than the forex, but i do know that 5 minute charts are too few pips to work. It does good with all the majors, but i like the GBP/US because it seems to trend better than the others. Anyhow, that's my experience with it and i couldn't be happier.
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Drayco, thanks for this report.
How often do you make trades using the daily chart? And when you say that you just look at the charts only at 1700 EST, is that to verify how your trades are going, or are you looking to enter/exit at that time of the day?
Also, what charts/trade platform are you using? I have not been able to get the Edge system setup properly using platform.
Looking forward to hearing from you as able.