Thanks for posting this strategy phill, it seem like a great system with very respectable returns for little effort, i understand all the the entry exit criteria's etc and followed last weeks trades (but didnt trade them). However i have a question. In your 1st post explaining the strategy rules you say move stop to break even once it has reached 2 X sunday candle range however on last weeks short you used 2 X initial stop loss which was 80 (2 X 40 = 80). If you had used 2 X sunday candle range as the rules suggest (30 pips X 2 = 60 pips) you would have broken even on the short.
Anyway i am keen to try it out. My 4hr sunday candle is good for the system. but for some reason my ATR (14) applied to the weekly chart does not match yours. you posted last weeks trades as having a PT of 240 pips meaning ATR was 480 however my ATR was reading between 580 & 600. i have not used this indicator before so i am not totally familiar with it. I am using pro real time charts & today my ATR is currently reading 591.
sorry if i am doing something wrong or have misunderstand something. would be grateful for any replies
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