Quote:
Originally Posted by Cowaboi
Will you be using Icy's original exit rules and exit on an opposite PSAR dot, or do you try and limit the 'give back' with a trendline break or similar?
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Sad to say, I wait for reversal dot for the following reasons.
1) I don't watch the market the whole time so adjusting my stop every 4 hours is ideal. I can actually sleep on my positions comfortably.
2) I want it to be as mechanical as possible with no judgment involved (except for entry I guess).
I'm not after spectacular gains. I guess that's part of my personality. Anyway, all my positions are now 100% winning because the PSAR is already past the entry point. Some traders will feel bad because it has retraced significantly from the highs (and lows) already. But I'm still in.