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TheRumpledOne
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mejo
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Hi TRO!

What about if a candle has no wick? Would frequency distribution be useful in this case?for example, on my trading desk(alpari uk) my u/c daily candle closed without a wick. close is the top.

regards, Mejo

mejo
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About your auto lot size indicator...you get 1.47 with 20/13.6 as the formula says. But 1.47 lots with 13.6 pips means you are risking 200\$, which is 20% no 2% of 1000\$. Well if we divide risk with points instead of pips, we get the right number.

Regards, Mejo

TheRumpledOne
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mejo wrote:About your auto lot size indicator...you get 1.47 with 20/13.6 as the formula says. But 1.47 lots with 13.6 pips means you are risking 200\$, which is 20% no 2% of 1000\$. Well if we divide risk with points instead of pips, we get the right number.

Regards, Mejo

Depends if you are trading full lots or minilots.

kate682
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TheRumpledOne wrote:

Take the trade in the direction price leaving the daily wick zones.
Of course, trade with the H1 and D1 candle colors.

Tro, thank you, this indicator is so clever. I was playing around with user inputs, and put in 15,60,240. Was wondering how to identify it with a label, then i saw, you've even made the indicator adjust so it tells you what settings have been set. Just so clever!

And, reading through all these posts, my homework; I think you've given me the answer here, "Take the trade in the direction price leaving the daily wick zones. Of course, trade with the H1 and D1 candle colors." I'm thinking along the lines of Green candle closes outside wick zone, (with training wheels H1, D1 set to green), go long with stop at bottom wick zone (or pip/account risk tolerance )

Tra Da.

Hugs Kate
x

TheRumpledOne
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TheRumpledOne
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Take the trade in the direction price leaving the daily wick zones.

Of course, trade with the H1 and D1 candle colors.

TheRumpledOne
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Take the trade in the direction price leaving the daily wick zones.

Of course, trade with the H1 and D1 candle colors.

TheRumpledOne
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TRO DAILY WICK ZONE

According to statistics, when price enters the wick zone, price will leave the zone 3 out of 4 times.

Take the trade in the direction price leaving the daily wick zones.

Of course, trade with the H1 and D1 candle colors.

johnsund
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