Hi JSSPMK, In my last PM, I told you about an automatic system based on MACD, I know you use this indicator a lot so do you think that there is potential for a system to be profitable using only this indicator ? Thanks Have a good day all dax traders !
You have to ask a programmer, my amateur opinion is that it is possible, but than again a lot of things are possible, whether they are achievable is a different matter. The reason I prefer manual approach is for my inability to achieve the following in an automated environment: 1. I can't trust a software program to run my money, what if it crashes whilst you have open position/s and market reverses in a big way? Manually I have at least a chance of getting in touch with broker on the phone; 2. Anyhow, I have no programming skills & I don't want to pay anybody to get it done for me; 3. I still pick and choose between set-ups and do get confused sometimes, so how can I put all my thoughts across to a program? 4. Even though it is automated, I can still see myself always worrying 'What if?', so wouldn't be interested in increased stress levels; 5. How would I program data release times? Surely you would want to skip those times? Would you be programming them in daily? Just some random thoughts.
I have a feeling price will keep going up today, not trailing last turd just yet, stop still at entry.