aliassmith wrote:prochargedmopar wrote:I know one thing.
This 5 pips 1:1 aint gonna cut it.
Gong to 1:2 SL/TP
Well 1.5R trades can make a big difference when it comes to the math. 50% of your trades are winners then you can still make a lot of cash.
If you study market structure you can see how the algorithm operates. It seems to look for 1:1, 1:2, 1:3 moves. Use that modified fib with the 1x 2x etc and measure single candle breakouts.
I dont believe there is an overlord algo running the markets but a lot of algos are looking for similar things. They enter on triggers and exit on ratios and or triggers.
I'll continue this in my thread.
I've been so busy I haven't been able to catch up on ur thread in I don't know how long.
I will do it some day a your thread is the ONLY one up in my browser other than mine.