Iris

Not humanly possible to trade all day. To see when markets overlap, have a look at the different forex trading times in each main financial center across the globe. (Times are displayed according to EST) [see graphic attached]: New York and London: from 8 am to 12 am (EST) Sydney and Tokyo: from 7 pm to 2 am London and Tokyo markets overlap one hour, from 3 am to 4 am. What does this mean? Trading EUR/USD, GBP/USD, or USD/CHF between 8 am and 12 am (EST) can lead to good results since markets for those currencies (European and American) are both active at the same time. This is when the largest volume of trades occurs, creating a greater chance of making significant profit in the forex market. Another good time to trade is from 1 am to 3 am EST depending where in the world you live. At that time, European markets are opening while Asian markets are closing, offering good trade opportunities. To read more about best Forex Trading Times: What Are the Best Trading Hours

I think that you might read this blog on the misuse of the trailing stop (it is not a regular stop) and know that a regular stop order needs to be in place as well. Also, if the market opens in the next trading session limit up or down, the regular stop loss may not be triggered. Why Use a Trailing Stop in Forex | Alan's Forex Blog Trends do sometimes stay in place overnight. But the markets in Germany, Japan UK etc all start at different times and respond to news that may be unexpected - then the direction changes and the training stop may not get you the profit that you expected.Volume is very light at night. There may not be enough positions in play to close you out on your price. Also, I like to sleep at night. Walking away from a trade that unattended makes me lose sleep and eats away my stomach lining. I am not saying that you MUST not do it - I suggest that the professionals usually do not and there are good reasons for their choices.Also try to find out how often a trend stays in place overnight in the product you are in, and if statistically it will pay you to do so based on the history. For example if you have 3 months of data, go back and see how often the trend would have made you money overnight. Best wishes. Sincerely.

Your're welcome. Please note that I do not post these as recommendations to use or buy the Strategies. It is merely a guide to look at a logical approach. The Jackson book however is the most thorough analysis of the Zones and what can happen at the different levels with statistical probabilities of what might occur. For example, if the price goes through R3 / S3 the likelihood is that they will keep on going. Another example is that if the price is between the Pivot and R1 / S1 the the statistics for that set of circumstances says that there is an 80% chance of going to S2 / R2 (>60%) - it almost certainly will. In everything with Trading, the caveat is that there is no 100% guarantee. PS - I also have Price Pivots (set at length 8) - they are set to a value above or below that Pivot price depending on the Adaptive Moving Average of the length. These are the Buy / Sell points above or below the Floor Traders Pivots.

Its a good start but there are some basic conceptual issues: You have started with a Trading Strategy and not a Trading Plan which incorporates a Trading Strategy. Pivot Points are really Support_Resistance lines based on a self fulfilling prophesy and will generally give you the direction of the trend and will only work on days for Trading it when there is a sideways market. There is a huge study by JT Jackson: Detecting High Profit Day Trades in the Futures Markets: Using Zone Pattern Probability Analysis - Amazon.com: Detecting High Profit Day Trades in the Futures Markets: Using Zone Pattern Probability Analysis (9780930233556): J Jackson: Books - the Zones are the spaces between the pivot point, R1, R2, R3, S1, S2, S3 etc. He explains how to get in and how to get out e.g. if you are trading the e-mini, you get out 0.75 of a point before the line. If you wait for the line to be touched, its doubtful that you will get there. I do not use this guy's strategies, but there is an incredibly succinct and short summary of what the difference is of a Trading Plan and a Trading Strategy here which will answer some of your questions, https://rockwell.infusionsoft.com/app/hostedEmail/32454278/dec9309308acb4e2 with a really good laid out outline of a Trading plan here to use as an outline for developing your own - http://www.rockwelltrading.com/files/Markus-Trading-Plan.pdf [i think that you might want to also look at the combination use of the Bollinger Bands, the MACD and the RSI - don't register for anything! but in <60min you will have a stable entry Plan for your Pivot Point charts and then you use a Profit based exit plan e.g. Let's say you also use Fibonacci entrances - it goes through the 100% or 0% line and comes back in, then you exit at the 50% line. In pivots, if it went through the S / R line and came back through in the opposite direction, more than a defined number of ticks or pips, then you enter and get out at the 50% line (rule - everything retraces to 50% at some point)]. Staying overnight - not a good idea - if a monarch butterfly lands on the wrong plant in Mexico it upsets the exchange in Mongolia - no professional that I know trades overnight. Get out MOC. Another thing is that you give the impression that you are trading without stops (I might have misinterpreted the description). I remember a T-Shirt that said "Only Real Men Trade Without Stops". It's for T-Shirts, not real life. I have traded since 1994 - not many of us left. The reason I am here is because of stops. This is me without a stop - http://cdn.traderslaboratory.com/forums/images/FH_Sahm/smilies/custom2/crap.gif Your techniques is also a variation also of another method called the Camarilla method. Good description of how to get in and out - remember that there is no magic in the formulas - they are all variants of the same thing - theoretical S / R, and the ONLY reason that they may work, is that they are used by many people, so they are self-fulfilling: Camarilla Equation - Free! Best wishes.

Hi Ajax: Not easy to find on a Google search these days but you might want to browse through this "IchiWiki" site or blog. I think that it it the bottom line to using the Ichimoku in a nutshell. Manesh shared his experience and knowledge with all of us - incredibly generous and a amazing teacher! Main Page - IchiWiki - The Definitive Reference to the Ichimoku Kinko Hyo Charting System

Hi Ajax: The original numbers were derived from the observations from number of trading days in the Japanese week and month then as compared to where we are now. Ichimoku uses three key time periods for its input parameters: 9, 26, and 52. When Ichimoku was created back in the 1930s, a trading week was 6 days long. These parameters, thus, represent one and a half week, one month, and two months, respectively. Now that the trading week is 5 days, one may want to modify the parameters to 7, 22, and 44. 8, 24 and 48 work as well. So the difference was in the concept that they work on Daily charts and need them to be slow. If you want your charts to react faster then your parameters will work well for you. The danger that you face is that Ichimoku is trend following and that when there is a sideways moving day, hour or whatever, the faster you go the more that you will be whipsawed. Keeping the originals will help to offset that. Read the studies that Manesh Patel has done - do a Google, perhaps get his book. I agree - Ichimoku is one of the best indicators out there and can keep your charts clean as it does not need anything else to go by. Each of the lines and the Cloud has a set of minor and major rules. If you get these, you are well on your way to a very safe method and system. Best.http://www.traderslaboratory.com/forums/images/icons/icon7.gif

Firstly this course says that they teach you to trade the JSE ONLY then I tracked this guy - Goitse Konopi - LinkedIn - he says that his experience is in the "Education Management Industry" He gives his qualifications as: University of Pretoria/Universiteit van Pretoria BAdmin , International Relations , 2010 — 2013 (expected) Although they could have written their recommendations themselves this is what they suggest that they do: "I can read the market better and I have a greater understanding of fundamental analysis" Your total will be >R6000.00. Buy a book at the CNA for R150.00 on fundamental analysis - if you understand what trading that way will mean - i.e. as apposed to Technical analysis. The couse (their spelling not mine) takes 18months. At the end of it this is what you get: Will this course qualify me to be a stock broker? No, the JSE has separate requirements for this. What recognition will I receive? We will issue you with a certificate when you complete your course. (Basically none). This is what you actually need to do in SA: Obtain your license. Under South African laws, you need to hold a license in order to represent a client. To obtain your stock broker license, you must first pass a regulatory exam called the Registered Persons Exam (RPE), which is provided by the South African Institute of Financial Markets (SAIFM). The RPE, which consists of five levels, requires an 80 percent pass rate, and you need to sit and pass the first three levels before you can work as a stock broker on the South African stock market. Find a vacancy with a South African employer who can offer you some training in stock brokerage. Although the JSE offers online stock exchange courses for budding stock brokers, you may be able to secure employment with a company that is willing to train you from scratch. Career Jet, a South African job search engine, may prove useful in helping you find a suitable employer in South Africa. Read more: How to Become a Stock Broker in South Africa | eHow.com How to Become a Stock Broker in South Africa | eHow.com I agree with Tradewinds - spend your money VERY carefully. Go to a recognized teaching facility. Get apprenticed with a reputable company who trades on the JSE and learn from hands-on experience. Best wishes and Groete.

back checking in TS forums - there were wireless connectivity issues especially with EUREX at times (i.e. it is on your side not the transmission side), and also Norton Antivirus causes some issues.

I am not sure what your entry criteria are. This is a chart I constructed for you of a 30 min GBPUSD. Getting in would be related to the MACD_BB_HullMA composite of the BB/Keltner Squeeze. Getting out is related to a few things to look at that may be of use to you. When the Bars drift away from the BB (length set to 12) one needs to be aware that this is a pull back or a change of trend and be ready to get out. In the DMI/ADX set to 11 or 9, when the ADX is pulling back particularly if it is coming down below a level of 40, it is definitely time to get out. Hope that this is helpful.

You do not mention if you are trading stocks, options, futures or Forex - it is all different. The same goes for the time frame that you are using - tick, minutes, intra-day, days etc. Would you mind being a little more specific? It may help then to give an answer.

his is John Ehler's generic filter for Tradestation - perhaps this might help: { Here is a generic EasyLanguage version of the nonlinear Ehlers filter, based on John Ehlers's article in this issue, "Nonlinear Ehlers Filters." This EasyLanguage filter accepts the coefficients statistic as an input. In the following EasyLanguage indicator code, the Coef input is set to AbsValue( MedianPrice - MedianPrice[5] ), and the price input is set to MedianPrice. MedianPrice is a built-in function in EasyLanguage that returns (H + L) / 2. With these values for the inputs, the indicator is equivalent to the momentum-based Ehlers filter, for which a specific EasyLanguage version has been developed by John Ehlers and is given at the top of this Traders' Tips section. To derive the distance coefficient Ehlers filter, which is also described in Ehlers's article, the Coef input value in the following EasyLanguage can be replaced with DistanceSqrd( MedianPrice, 15 ). DistanceSqrd is a custom function, and the code for that follows the indicator code. } inputs: Price( MedianPrice ), //MedianPrice = (H+L)/2 Length( 15 ) , UseDistSquared ( False ) ; variables: Num( 0 ), SumCoef( 0 ), Count( 0 ), Filt( 0 ) , Coef ( 0 ) ; If UseDistSquared = False then begin Coef = ( AbsValue( MedianPrice - MedianPrice[5] ) ) ; end else Coef = DistanceSqrd ( Price, Length ) ;//DSqrd + Square( Price - Price[LookBack] ) ; Num = 0 ; SumCoef = 0 ; for Count = 0 to Length - 1 begin Num = Num + Coef[Count] * Price[Count] ; SumCoef = SumCoef + Coef[Count] ; end ; if SumCoef <> 0 then Filt = Num / SumCoef ; Plot1( Filt, "Ehlers" ) ; Condition1 = FALSE ; if Condition1 then Alert( "" ) ;

Economic Calendar - Bloomberg This is the Economic Calendar on Bloomberg. It is free. It is published every day. You do not want to be in the market at the times marked with a yellow or red star.

You could add another filter such as a DMI with ADX - when the ADX is over (for e.g.) 25 then a buy would be taken if the DMI+ is above the DMI- and a sell if the DMI- is above the DMI+ and your indicator is also signaling a large value. You could change the value of the length of the DMI/ADX to print faster such as 11 instead of the conventional 14. When the ADX is over 40 you might want to start looking to get out of your trade. Another way you could consolidate your indicator is to change the way the bars are structured. For example, minute based charts are time-bound and a lot can happen before the bar is allowed to change by the setting you use so that a lot of action occurs within that bar's time-frame as things be-bop around. Tick charts (e.g. 500, 1000, 2000 ticks) show momentum when it occurs as the bars are filling up faster; and range bar charts are even better from this point of view e.g. setting on a range of 1.5 and an 8 tick interval - much more stable.

What indicators are you following? To see after hours trading you have to have the right contract. To have live data you have to subscribe to a service which includes exchange fees. End of Day data is often free. Live data that has a D after it will not show after hours or Globex trading. e.g. Tradestation E-mini = ESH11 for the lead live all day and night contract, @ES for the continuous live day and night contract which also automatically rolls over but cannot be used to place trades with, and ESH11.D which only shows live data during the actual day time trading period and starts and ends with the exchange (CST) time.

Walking the Tightrope - my experience (16 years) regarding the balancing act: I think that it is easy to get into a trade - any trade - the problem is when to get out. Most indicators are designed to get into trades. Because of the lag, most indicators are late getting out. There is no such thing as a "no-lag" indicator". Best thing is to stick to what works for you and beware of letters, email alerts etc. However, make the choices so that the odds are on your side. e.g. stick to the e-mini with the most volume, lowest slippage, lowest costs, don't stay in the market overnight, don't trade on FOMC days and in front of holidays etc. The problem is that people get bored sitting and watching and waiting for things to happen and then they start fiddling and try to make things happen. Then the trouble starts. Most people are proud - they do not admit to making mistakes and when getting into a bad trade cannot admit that they were wrong and get out - so they wait for things to get right and they get worse. Then the pain gets them out and it takes days to catch up on the mess. Most of the time the market goes sideways. Trending occurs infrequently. It is better to take what the market gives than to try to squeeze out the max. So taking a regular amount out instead of getting whipped by the sideways moves almost always caused by following indicators, is consistent and less stressful. The market needs to have room to move, but using a ridiculous win/loss ratio makes no sense. The faster the speed of the chart the less one should try for e.g. a chart at 500 ticks looks better with an aim for a 3/4 point move as opposed to a 1200 tick chart where one might regularly get 1 point out of a move. Aim for 4 points a day. If one loses three times in a row, it is mandatory to stop for the day and come back the next day. Everyone has off days. Don't get caught by the Las Vegas Syndrome = "My Luck IS Going To Change" - luck has absolutely nothing to do with it. Getting out of a bad trade by "luck" or by chance still makes it a bad trade. A good trader does not trade by instinct, but by following a trading plan with discipline. The stop should be placed at the time of the trade. There is no such thing as a mental stop. The ratio of the stop to the profit should be the same, otherwise, a loss generated means that there has to be two wins to make up for the loss and that adds unnecessary stress. A good move is going to happen in 5 bars or less (regardless of the time frame). If you made a mistake and nothing happens, get out at par and wait for the next time. Breakeven is a loss of the commission - a small price to pay for being safe. If you make 4 points, close down the shop for the day. Thank the market for what it has given and come back another time. Being greedy is the way to self-destruct. It's just a matter of time, not if but when. Never risk more than 2% of the total account at one time. After a few weeks there will be enough to place 2 contracts etc. etc. Aim for small wins, and don't try to break the bank of Monte Carlo. Always remain humble - just when you think you know it all, you have it down, you can do this thing and you start telling people about how well you are doing (and neglect to tell them about the shambles that you nearly did not make it out of), the "Great Equalizer" comes along and kicks the living hell out of you. Remember, that each contract is a huge amount of money at risk for margin calls - it needs protection and the longer you leave it there exposed, the more you risk losing it. Take the little bits offered to you and get the hell out of there. The little bits add up. After a time of accumulation, you could place up to 6 contracts. I see some of the online Gurus place 10 at a time - actually if you look very carefully at a screen after freezing it, it is invariably a simulated account, and they are bull-shitters. All of them. Lastly, keep it simple. The more the charts are cluttered, the bigger the mess becomes. The more charts there are on the screen, the more confused it gets. The more mixed groups of timeframes there are, the more complicated it gets. If you are serious and this is not a scam thread, good luck - everyone wants you and all of us to succeed.

In Tradestation, right click on the chart that you want to apply the Ichimoku Indicator. on the menu, 5 from the top, click on <Format Window> on the top Tabs, click on <General> down on the right under <Chart Properties> <Space to the Right> type in any number between 35 - 45. Click <OK>

Is a Trend Following System. Basically if the Close is above or below the 50 period CCI zero line. The 5 period ATR is used to draw the line above the High or below the Low. This is the MT4 code. below it is the Tradestation Code which is much easier to understand regarding how it works. -- original MT4 implementation © TudorGirl (AnneTudor@ymail.com). function Init() indicator:name("TrendMagic Indicator (new version)"); indicator:description(""); indicator:requiredSource(core.Bar); indicator:type(core.Indicator); indicator.parameters:addGroup("Parameters"); indicator.parameters:addInteger("CCI", "CCI", "", 50); indicator.parameters:addInteger("ATR", "ATR", "", 5); indicator.parameters:addBoolean("Signal", "Signal Mode", "Don't change this parameter when use indicator on chart", false); indicator.parameters:addGroup("Style"); indicator.parameters:addColor("UP_color", "Color of UP", "Color of UP", core.rgb(0, 255, 0)); indicator.parameters:addColor("DN_color", "Color of DN", "Color of DN", core.rgb(255, 0, 0)); indicator.parameters:addInteger("width", "Dot Size", "", 2, 1, 5); end local pCCI; local pATR; local first; local source = nil; local ATR = nil; local CCI = nil; local SIG = nil; local dotUp, dotDown; local bufferUp, bufferDown; function Prepare(onlyName) pCCI = instance.parameters.CCI; pATR = instance.parameters.ATR; source = instance.source; local name = profile:id() .. "(" .. source:name() .. ", " .. pATR .. ", " .. pCCI .. ")"; instance:name(name); if onlyName then return ; end ATR = core.indicators:create("ATR", source, pATR); CCI = core.indicators:create("CCI", source, pCCI); first = math.max(ATR.DATA:first(), CCI.DATA:first()) + 1; dotUp = instance:addStream("UP", core.Dot, name .. ".UP", "UP", instance.parameters.UP_color, first); dotUp:setWidth(instance.parameters.width); dotDn = instance:addStream("DN", core.Dot, name .. ".DN", "DN", instance.parameters.DN_color, first); dotDn:setWidth(instance.parameters.width); bufferUp = instance:addInternalStream(first, 0); bufferDn = instance:addInternalStream(first, 0); if instance.parameters.Signal then SIG = instance:addStream("SIG", core.Line, name .. ".SIG", "SIG", core.rgb(0, 0, 0), first); else SIG = instance:addInternalStream(0, 0); end end function Update(period, mode) ATR:update(mode); CCI:update(mode); if period >= first then local thisCCI, v; thisCCI = CCI.DATA[period]; if thisCCI >= 0 then SIG[period] = 1; else SIG[period] = -1; end if SIG[period] == 1 and SIG[period - 1] == -1 then bufferUp[period - 1] = bufferDn[period - 1]; end if SIG[period] == -1 and SIG[period - 1] == 1 then bufferDn[period - 1] = bufferUp[period - 1]; end if SIG[period] == 1 then v = source.low[period] - ATR.DATA[period]; if SIG[period - 1] ~= 0 and v < bufferUp[period - 1] then v = bufferUp[period - 1]; end bufferUp[period] = v; dotUp[period] = v; elseif SIG[period] == -1 then v = source.high[period] + ATR.DATA[period]; if SIG[period - 1] ~= 0 and v > bufferDn[period - 1] then v = bufferDn[period - 1]; end bufferDn[period] = v; dotDn[period] = v; end else SIG[period] = 0; end end //Tradestation Version Var: Up(0), Dn(0); //do not change the inputs for CCI and ATR UP = (LOW - AvgTrueRange(5));//plots below the bars if CCI(50) >= 0 then begin Plot1( UP, "TrendMagic" ,Blue) ; Condition1 = True; end else begin DN = (HIGH + AvgTrueRange(5));//plots above the bars If CCI(50) < 0 then begin Plot1( DN, "TrendMagic" ,Red) ; Condition2 = True; end;end; //Alert Conditions Condition1 = FALSE ; Condition2 = False; if Condition1 then Alert( "TrendMagicUp" ) ; if Condition2 then Alert( "TrendMagicDn" ) ;

News: Watch the Announcement Calendar the day before: Economic Calendar - Bloomberg do not be trading when the red or yellow stars are about to happen. Supp/Res Lines: Probably S1 and R1 should be of interest. S2 and R2 are the important lines:

MQ4 Code by TudorGirl: //+------------------------------------------------------------------+ //| TrendMagic.mq4 | //| Tidied up by TudorGirl 28 May 2009 | //| AnneTudor@ymail.com | //+------------------------------------------------------------------+ #property indicator_chart_window #property indicator_buffers 2 #property indicator_color1 Blue #property indicator_width1 2 #property indicator_color2 Red #property indicator_width2 2 //+------------------------------------------------------------------+ extern int CCI = 50; extern int ATR = 5; //+------------------------------------------------------------------+ double bufferUp[]; double bufferDn[]; //+------------------------------------------------------------------+ int init() { SetIndexStyle(0, DRAW_LINE, STYLE_SOLID, 2); SetIndexBuffer(0, bufferUp); SetIndexStyle(1, DRAW_LINE, STYLE_SOLID, 2); SetIndexBuffer(1, bufferDn); return (0); } //+------------------------------------------------------------------+ int deinit() { return (0); } //+------------------------------------------------------------------+ int start() { double thisCCI; double lastCCI; int counted_bars = IndicatorCounted(); if (counted_bars < 0) return (-1); if (counted_bars > 0) counted_bars--; int limit = Bars - counted_bars; for (int shift = limit; shift >= 0; shift--) { thisCCI = iCCI(NULL, 0, CCI, PRICE_TYPICAL, shift); lastCCI = iCCI(NULL, 0, CCI, PRICE_TYPICAL, shift + 1); if (thisCCI >= 0 && lastCCI < 0) bufferUp[shift + 1] = bufferDn[shift + 1]; if (thisCCI <= 0 && lastCCI > 0) bufferDn[shift + 1] = bufferUp[shift + 1]; if (thisCCI >= 0) { bufferUp[shift] = Low[shift] - iATR(NULL, 0, ATR, shift); if (bufferUp[shift] < bufferUp[shift + 1]) bufferUp[shift] = bufferUp[shift + 1]; } else { if (thisCCI <= 0) { bufferDn[shift] = High[shift] + iATR(NULL, 0, ATR, shift); if (bufferDn[shift] > bufferDn[shift + 1]) bufferDn[shift] = bufferDn[shift + 1]; } } } return (0); } //+------------------------------------------------------------------+ //+------------------------------------------------------------------+ //TradeStation Code: Var: Up(0), Dn(0); //do not change the inputs for CCI and ATR UP = (LOW - AvgTrueRange(5));//plots below the bars if CCI(50) >= 0 then begin Plot1( UP, "TrendMagic" ,Blue) ; Condition1 = True; end else begin DN = (HIGH + AvgTrueRange(5));//plots above the bars If CCI(50) < 0 then begin Plot1( DN, "TrendMagic" ,Red) ; Condition2 = True; end;end; //Alert Conditions Condition1 = FALSE ; Condition2 = False; if Condition1 then Alert( "TrendMagicUp" ) ; if Condition2 then Alert( "TrendMagicDn" ) ;

If you do not trade at night (market too thin for the number of contracts you might want to get out of), if you ONLY trade the ES-Mini, if you only go through a rapid-fire electronic brokerage (e.g. Tradestation), if you have the fastest computer and internet speed and a backup line (e.g. High Speed Internet and DSL - one might go down), and if you almost always use Limit orders for entry (Market for emergencies only), it should be zero. Max commission round turn for a non-pro should not be more than $4.95. Into your Spreadsheet, you might want to average in your monthly expenses (rent on internet, exchange fees for live feeds, rent on the platform (no fees for Tradestation if you place 10+ trades p.m.), costs to retrieve money from accounts or to send wires etc, and deduct from the daily win/loss. It's a business. It has to be run like one. There are profits, losses and overheads.

That's exactly right. If you trade with no stops or rediculous risk/reward ratios what goes up comes down and what comes down goes up; eventually you win. Drawdown might be so outrageous and margin calls would happen so often that paper trading is actually a joke. Add in commissions and slippage. Perception is not reality.

Thank you UrmaBlume: I watch the weekly COT but I was not aware of an intra-day Commercial Cash Commitment - is this also a proprietary calculation? Thank you

Urma Are those headings (calculations) built into the new version 9 or are they proprietary? Thanks

Hi Jitasb: if you use Tradestation go to this thread: https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=48589&SearchTerm=msheiner&txtExactMatch= There is an in depth discussion of your concept over a long period by very experienced traders and also some basic code and pictures. key word for a search is msheiner. Also there is a book and many years of study by Jackson with these "Zones" related to these level with percentage probabilities of a move in either direction, (up or down) and also each currency and commodity.. Jan Arps has them programmed. These zones can be used with Day Trader Pivot inputs, Yesterday OHLC or Fibonacci or any combination that suits your philosophy. Best

Regarding the neutral bars. They are called Doji Bars where the O = C and sellers = buyers. They tell you not to trade on that bar. One reason to use candlesticks is that if you have decided to trade in a certain direction and a Doji shows up, it is telling you to wait on the entry. If the next candle closes and the color matches the direction in which you want to go, then you place your entry, otherwise you wait. If you do not want to see the neutral bars then change the input to (e.g.) 5 and it Averages the opens and closes over 5 bars getting rid of that issue. This of course will slow down the indicator (the color change) that tells you of the direction change.