- If you are trading the dots outside of the bollinger bands you would find that it can be a little late to the show
- If you are trading the change in colour of the dots you would have a number of false movements, not a lot, but enough to make you nervous
Now, after I lined up all these lines with the T3/TMA and BB MACD entry points, I realize that I could just remove the BB MACD, and have the T3/TMA as a standalone indicator, assuming that the exit points work ok. So, without the BB MACD entry signals tied in with the T3/TMA we get the below chart:
In this particular time frame (not the charts timeframe, but rather the span of the date) I calculated the how many pips were made in each chart:
- T3/TMA with BB MACD:
- 9820 pips total
- 892 pip average
- 457 minimum
- 2508 maximum
- T3/TMA without BB MACD:
- 13368 pips total
- 1215 pip average
- 519 minimum
- 3169 maximum
Well, for now anyway. More testing is need I would think. I believe I'm going to look for a bad situation for the T3/TMA on the charts (if I can find one), and see if BB MACD can correct it, or rather filter it.