I am keen on FXVernom but lets make it more powerful by devising a semi auto to execute the trades only on 1 side if the signals met. So you dont have to be all the time at the computer. Even FXV can send email (solve this problem with gmail) or push notification when it change direction.
Here are some ideas using additional indicators which we can work out with our FXd
Macd
Use the ML above SL, MLc1 higher/lower than c2 and above 0 to enter or exit a trade. But follow the direction of the FXV.
From the chart above we see a good entry at 1 (sell) and 3(Buy) when the macd dips below 0 and surface above 0. The only thing for 3 it would possibly hit SL on its significant retracement. But possiblly our system could enter again when it turn back again or macd ml is above sl again. Anyway this could easily be automated by turning Buy mode on after FXV bands are formed.
Exits at 2 and 4 is good rather than if only relying on FXV and end up much lesse in profit. However do note that at 4 its just to play safe as the price went up again. Nevertheless, the system would make a next entry once ml is above sl again.
BTW this is AN cp at 4 hr tf. Do remember that macd is set to 35,45, 9
Next we will discuss on Stochastic and BB incorporating with FXV
