Stay In The Trade, Mister Medved

Discussion in 'Technical Analysis' started by hoodooman, Aug 14, 2011.

  1. I have a great strategy based upon technical analysis combined with trader psychology but I have always had a lot of trouble deciding when to get out of a successful trade.

    I got this idea today that I thought might work.

    Anybody with experience knows how unreliable some indicators are but what about an indicator that appears initially when you double click the chart and where you choose ahead of time whether it starts with a sell or a buy.

    For example, the good old parabolic sar supposed to be good at keeping you in a trade. So when you make the trade (which is always short for me) you would double click the chart and it would initiate with a sell signal. Later it would take you out of the trade with a buy signal.

    I'ed be interested in all comments regarding this innovation (if it is one).

    If anyone who has the skill to innovate this, then please do and I would love to hear about the results.

    Regards and I hope you are having a great weekend.
  2. ammo