View Single Post
Old 03-03-2008, 01:20   #5
OzFx
level 1
 
Join Date: Mar 2008
Posts: 46
Downloads: 0
Uploads: 0
Rep Power: 1OzFx is on a distinguished road
Smile Re: OzFx System :) 100-800 Pips Per Trade

Quote:
Originally Posted by popoola
Hi

I managed to set up the chart for backtesting. Have a question about entry. As this is a daily chart do you enter long or short the next day after the conditions are met or intraday as soon as the signals align.

I ask this question because I trade simple candle formations and one of my trading rules is to wait for the defining candle to completely form before trading on it. Is it the same with your system?

I enter at the open of the candle. Entries are very conservative already and waiting any longer would just be too late
OzFx is offline   Reply With Quote