12 changes its direction against us (that means in an uptrend we exit
all three lots when HMA 12 turns down) or when our stop loss is hit.
5. Filter
We do not take trades when price has retraced too much and when the
trend has lost its momentum. When one of the following conditions
takes place, we do not put on any trade until a new trend has
established:
a. Price closes below GMMA in an uptrend or closes above GMMA in
a downtrend.
b. Long MACD crosses down in an uptrend or crosses up in a
downtrend.
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