Quote:
Originally Posted by FurTrader
Phil why is stop loss 38pips/40rounded up?
isn't 1.5947 - 1.5899 = 0.0048 / 48 pips? (rounded up 50pips)
and one more thing do u have messenger? i would like to chat with you more about your strategy 
Thanks. |
Because we enter at +10 pips above and below the high/low of the Sunday candle, but the stop loss
is the high/low of the Sunday candle.
So the long trade would have entered at 1.5947 with a stoploss at 1.5909. 1.5947 - 1.5909 = 38 pips.
You could probably trade the system with the stoploss equal to the opposite entry point for simplicity. I doubt it would make much difference in the long run.
I don't use any type of messenger. I'm usually posting on several message boards about several different topics at once and hate getting interrupted by those things.
I'm more than happy to discuss anything here on the forums though.