TheRumpledOne wrote:PTG wrote:It's the exit, not the entry
I don't have the time to find out how to post an image nor to install indicatörs in MT4 right now, but here it is anyway:
You might not make 100 pips but you will usually collect some pips!!
I NEVER know what's happening next. You can win, or you can have a cost trade. It worked this time though
With an atr(21) of 229 the odds are in favor of getting to +100, even if it's the wrong direction one might have a chance in a decent pullback.
And if you add a reversal of entry direction after every 3 candles in the same direction you should be >50% on the right side.
Now what if you were to use a 40 pip stop and a 100 pip tp ?
And a reversal of entry direction should the market have the indecency to stick a finger in your eye ?
Could be a profitable system, no ?