I forgot to mention, take note of the vertical lines I have drawn. The green represents a long, red for short, and white was a trade, but turned out as a double-top on TDI so you would look to exit. Also, once I see a double top on TDI, I exit, then ...
Yes, my TP is when TDI triggers a trade in the opposite direction, although I will always take some profit @ 100 pips. If the trend is down, and I have noticed that TDI has trouble hitting 68, and I am long, I will take profit before it gets to 68, ...
You guys are missing something important. In Canada, you can start a business (I think it costs like $200), you expense to it, including all computer costs, internet, office supplies, rent for a portion of your home(office), commissions (spreads), ...
This seems like a good strategy, Im going to look into it, however, I see some of you are trying it without following the OPs recommendation of using H4 only.
This strategy would be better if you reverse direction (take a larger position in the opposite direction) when you are, say, 80 or 90 pips down. If its down 80/90 pips, it will most likely go to -100 pips.