Friday, 10 July 2009

FOREX – GBPUSD 60min (Part 2)


As you can see from the chart the automatic DP buy (shown in the last post) was indeed off a Wave 5 low. This is where the Elliott Wave module in the full MTP v6.0 helps......

Advanced traders could have used the higher DP to protect slightly more profit than the ATRStop.

In this example I am using eSignal data saved to the hard drive via QCollector then loaded into the current MTPredictor V6.0.

Thanks

Steve