sorinchartsarchitects
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Thanks mohdridzuan to sharing with us your system and your results. The system is good, the strategy is a little risky because it is based on zigzag. In general, when H1 shows the "X", you will have the same "X" also in M15 NECESSARILY. This because any HH or LL in H1 is the same in any other LTF. The unique filter with a zigzag system is to wait! There's no other indicator which can properly filter a zigzag.
In my opinion you can try like this (I take as example a BUY):
1. H1 showing "X" (in the blue zone is much better)
2. M15 necessarily showing "X" too (inside blue zone)
3. Don't buy this first "X", just wait!
4. M15 showing counter trend "X", meaning sell signal. Of course don't get it because H1 is on buy mode
5. M15 showing another "X" buy signal (which is the second one): HERE YOU BUY!
With this strategy you can avoid bigger DD and the "X" signal in H1 will be more reliable.
Instead, if you buy at the first "X" in M15, you are just buying the signal in H1, which is risky and completely wrong
Not really. I have entered a second X on M15 and it pulled back at the first level of H1 painted X and even below it, becoming the new X level.
It's not a sure thing, if you wait. You can loose the chance to win the first push to the TP, which happened in my scenario. Off course, on the long run, that pullback eventually came back to the original TP, but stop loss needs to be way lower then below / above the X sign in order not to get hit during the trades. Sometimes, it only needs 3-5 $ to breathe, before it jumps towards the TP level, clearing first stop losses of a lot of people.