Yet another newbie system!

[compro00]

May i suggest.. and if SR2 were to test it out.

When 10 and 40 crossover, take the price and let it run the last 20days avg ATR and enter. Stop loss is at 1/2 ATR and take profit at 1 ATR and then trail the profit further by 1/4 or 1/5 of ATR stop until stop out.

[Jyde]

Originally Posted by compro00

May i suggest.. and if SR2 were to test it out.

When 10 and 40 crossover, take the price and let it run the last 20days avg ATR and enter. Stop loss is at 1/2 ATR and take profit at 1 ATR and then trail the profit further by 1/4 or 1/5 of ATR stop until stop out.

Maybe it's me, but I didn't quite get that... Any possibility to illustrate with a chart - just for this slow fool...?

[waxwing]

Originally Posted by compro00

May i suggest.. and if SR2 were to test it out.

When 10 and 40 crossover, take the price and let it run the last 20days avg ATR and enter. Stop loss is at 1/2 ATR and take profit at 1 ATR and then trail the profit further by 1/4 or 1/5 of ATR stop until stop out.

Just to check something: when you say "1/2 ATR" do you mean 0.5 times ATR or do you mean "1 or 2 ATR"?
.

[compro00]

1/2 = 0.5 ATR
1/4 = 0.25 ATR
1/5 = 0.2 ATR

Sorry for the bad typing... hehe.

[IlllIlI]

How exactly do you use the atr indicator? im unfamiliar with it.. thanks! -james

[compro00]

Hi,

When comes to ATR, when the MA crossover, refer to daily chart ATR and use that as the filter. This is my suggestion for SR2, not tested yet but looks workable.

[amin1000]

Hi,

I am a fan of mid-term systems (not long term and not short term scalping).
Something like SR2's system. Does anyone know any system like that other than SR2's or 5minituesFX?

[compro00]

SR2,

Any update soon ??