Hi!
What are the rules for stoploss and take profit in Elder"s Impulse system?
Thanks,
Avraham
paranjaperutali
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@avraham, as per my humble understaning of the sytem, below the candle you entered or a candle before, as Dr Elder said, if the trend underneath changes quickly, run as fast as you can. if the stop gets hits and you think trade is going in your favour, reenter.
Jayosilia
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Is there a video of how to do this on our chart?
Alameda2022
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Was about to ask what the blue candles are, but found the answer in your code. Thank you!
franciscojbritop
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Hi, thanks for the contribution!
I am using the code for the Elder Impulse system you created and found a minor mistake. When the histogram is below the zero line is taking the numbers higher than the previous one when in reality is lower because it is a negative number, so this is affecting the bar colors when the histogram bar keeps dropping below the zero line.
astraloverflow
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@franciscojbritop, thanks for letting me know. I'll take a look at it when I can.
franciscojbritop
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@astraloverflow, I am sorry but it was mistake since I was using SMA's in the MACD when your code uses EMA, so this is the reason of the conflicting information. I just changed EMA's in MACD data of the chart and now everything is matching perfectly. Many thanks for your quick response and once more sorry for the mistake.
paranjaperutali
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Dude you might not realise, what a amazing piece you have created. its perfect for computer illitrates like us who loved the entire concept from Dr elders book but could have never built the indicator.
Diesel96
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Thanks Samuel Excellent post. Been waiting for this!
What are the rules for stoploss and take profit in Elder"s Impulse system?
Thanks,
Avraham