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Chartist
I see you are a TS user, and have some knowledge of the Turtle system.
I have been interested in writing a strategy for the Turtle system in EasyLanguage.
Have you written one? Are you willing to share it if you have?
Or, can you elaborate on the entry and exit rules of the Turtle system to aid me in writing it in EL?
Your question...
Regarding different ways to use oscillators, Marcel Link, in High Probablility Trading, offers both the above methods of using oscillators. His thoughts are that if you are buying an overbought market, you may get stopped out a number of times before you find the beginning of a strong trend, but it might be worth it, if the trend is long enough.
That's not my style of trading, but I see that pattern in stochastics more often on a 30 minute or higher chart than on a faster chart.
Faster charts are more likely (imo) to oscillate. The faster the chart, the smaller the oscillation, though, and that makes it harder to pay the spread. Taking trades where the stochs are generally going the same direction on higher time frames helps a lot.
Just my 2 pips,
Gordon
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