Traders' Roundtable

Those parameters are almost identical and produce indistinguishable results. The 14-day is barely sharper. Conversely, the 21-day is barely smoother.

With the parameters of 14-day and 21-day in mind, one RSI functions in a similar manner relative to the use of both.

For an illustrative example ...

to reduce risk, trade with a bigger account. for this scenario, one way to better your esteem is to rationalize it as "at least it wasn't an exchange limit and i wasn't overtrading at all......"




What would you do to reduce risk in the following situation?

Let's say your not a day trader, and ...

trade the $pot = solution

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Ive raised this issue in another topic but feel it may get a better response here:

Its very understandable for most markets to only take signals during the major session opening hours especially if thats what you've backtested on ...