TRO, how would you like to reply to "What stop losses should be used because not every time does it go down 10 or 5 pips?"
Thanks
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- TheRumpledOne
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TRO MULTI METER FLAT shows if the price during the last X bars has broken out of the price range of the previous Y bars.
In the chart X = 8 and Y = 24.
Simple, yet effective way of knowing if price has been range bound.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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Sweet Pip wrote:TRO, how would you like to reply to "What stop losses should be used because not every time does it go down 10 or 5 pips?"
Thanks
Pipsun:
If H1 candle is red, be short.
If H1 candle is green, be long.
That's my response.
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