Quote:
Originally posted by Bunnygirl
Hi guys,
It may be old age setting in and me looking for an easier pace of life, but I do like your 4 hour chart idea Sr2.
I totally agree with the 'set & forget' method of tp & sl, I've always said my best trades happened when I wasn't around to meddle with them.
I just wanted to point out that my change from wma to ema was only because Netdania was going through an unreliable patch (like today for instance when it went down twice for some time) & my platform CMC doesn't have wma. There's not that much difference between the two indicators on a normal day, it's only when there's been some big whipsaws as seen around news time that you may see a difference of a few pips.
I hope this helps, you only have to look back a few weeks to see how much/little difference using wma or ema makes.
In future I'll look to see which way the 4 hour has crossed before entering on the 30 mins. It's all wheels within wheels, there must be some connection between the two. Just a quick thought...if the 4 hour & the 30 mins is crossing at the same time...hmmm.
I'll do some backtesting over the weekend to compare notes.
Bunnygirl
Run rabbit, run rabbit, run run run 
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Hi Bunnygirl
WOW...I have a reply from BG on my thread
Actually when I started looking at this system I came across yours and that is what made me perservere and investigate further...so thanks for that.
Thanks for your comments and suggestions...I will take a look. Please let us all know how you get along with the backtesting.
I agree it is wheels within wheels...however in all honesty I look at nothing else except 4 hour charts...the thing is there is so much information as there is so I like to simply things otherwise I feel overwhelmed.
Thanks again
SR2