FAQ for Price Action Trading
• Is the Think-or-Swim platform supported? Yes
• Is Forex supported? Yes
• What are the filters for? To improve the profit and Win-Rate
• Is only one filter allowed, or multiple? Multiple
• Why use the T3 Moving Average over the standard MA? It is more responsive.
• Can I improve the T3 Moving Average Response? Yes, adjust the Period and Volume Factor.
• Why does the T3 MA color change from green to red? Green indicates uptrend and red for downtrend.
• Can I improve the retrace filtering? Yes, adjust the Signal level up.
• When does the reversal end? When the strength reaches zero.
• Does the trade close when the strength reaches zero? Depends on the filter selected.
• When does the reversal start? When the orange arrow appears on the T3 MA.
• When does the trade start? When a large arrow appears on the ramp at the signal line
• Where is the Profit Line? At the bottom of the chart near zero.
• Why does the Profit Line change color? White for no transaction, green for profit and red for loss.
• What do the symbols on the Profit Line mean? Square for transaction entry and triangle for transaction exit.
• When should I avoid trading? When the strength (at the bottom) is in the red.