It is basically no stop and reverse sell trade signal for FCPO short term technical indicator Y at 4pm later today while FKLI indicative price has been adjusted higher for 4pm trade signal.
FKLI long 1850.5 using the indicator Y will have its 4th losing trade being recorded if the index futures is last traded 1840 or lower at 4pm today, that is, it will cut loss turn sell once the index futures is traded below 1840.5 at 4pm today.
It seems that the multiple losing trades is always happening after a good round of profit!? Think about it yourselves, check your backtesting historical trade data to see how bad multiple losing trades affected the profit and loss.
The Basic of Crude Palm Oil Futures Trading On Bursa Malaysia Derivatives Based On Technical Analysis.
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