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Re: Automated Trading Theory Discussion
You so sure about that astro?
Try setting up 4 hour chart with 2 MA's. Make both of them 40 WMA, but one off the close and one off the open. 40 may not be the best period, but it's just an example. That's a simple MA cross. Proper money and risk management could make the profitable. Do you agree? Perhaps entering with multiple lots and exiting at progressive profits, such as 20, 50, 70, and finally when a SL or new signal is generated.
I would appreciate if you could go into more detail about pattern recognition around key levels though. I still need convincing that a computer could be programmed to correctly recognize a pattern of all variations. The computer can easily tell when one MA is greater than another. Patterns are more than just 1 > 0. Matt
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