Posted by poohnana on 23rd of Jan 2009 at 10:37 am
Next, all signals are only entered
at the
close of the confirming
candle! The confirming candle is the candle/bar that
causes the MA's to crossover. Traders are ONLY entered after
the confirming candle closes for the respective time frame.
For example, if the MA system is for a 15 min chart, then you would
only enter trades on the close of each 15 min bar i.e. 9:00, 9:15,
9;30 not between 15 min periods such as 9:07, 9:21 etc. This
is also true with any other time frame which the systems may be
for.
SRS & SSO
Posted by rogerv on 23rd of Jan 2009 at 10:31 am
Matt:
I don't see a confirming candle on the 15 Min yet. Right, Wrong ?
confirming candles
Posted by glennsexton on 23rd of Jan 2009 at 10:32 am
aren't used in Matt's system only Raven's
Next, all signals are only
Posted by poohnana on 23rd of Jan 2009 at 10:37 am
Next, all signals are only entered at the close of the confirming candle! The confirming candle is the candle/bar that causes the MA's to crossover. Traders are ONLY entered after the confirming candle closes for the respective time frame. For example, if the MA system is for a 15 min chart, then you would only enter trades on the close of each 15 min bar i.e. 9:00, 9:15, 9;30 not between 15 min periods such as 9:07, 9:21 etc. This is also true with any other time frame which the systems may be for.
This is from Matt's mechanical systems site.
thanks, the SSO 15 Min
Posted by rogerv on 23rd of Jan 2009 at 10:34 am
thanks, the SSO 15 Min has now confirmed anyway