Following this thread from long time and i am glad is still alive, thanks to traders interest, but mostly to author of the thread who is kindly answering all the questions. /although some should be ignored/. NSE is fantastic tool to assist our trade and trading decisions,
but not trading system itself. I was doing mistake by placing it on demo chart, letting it run expecting steady profits, and seeing profits turning into losses once market changes it's direction.
So instead asking all the times about profitable settings, let's discuss about profitable trading
scenarios where NSE can help us achieve profits.
What was working for me lately is one approach when detecting strength on currency pair, I was placing EA on 1 min. chart, enabling it to immediately place long
OR short order, moving chart on H4 time frame and disabling "continue trade next round". In majority of trades I am "happily" collecting 10 pips and then looking for next opportunity.
Second approach would be detection of the pair in trading range, maybe consisting of two which are having similar strength or weakness according to any of CSM indicators floating around. I would place NSE at 5 min. chart of that pair to trade in both directions, with smaller pip step and take profit, all other components as default. Once runaway occurs, and EA ends up opening multiple orders, I would again cancel "continue trade next round" waiting for EA to finish the job, close trades without opening new ones, and reevaluate situation.
If any trader has more experiences/ideas how to use this wonderful gift from Oshaban, let's share it without those "settings" requests.
Below GBPAUD, 5 min chart, last hour
