Mira wrote:
OMG
So
Range * 1.8% = initial space
1.8 = 28.8/16 (smaller lines)
28.8% = each line of the range (bigger lines)
Range = i have no idea
Hago = (prev.) midpoint + H/L /2
Is Hago the "Where" and initial space the "How (much)"?
"Space" is the distance between lines as in "x $ per line"
"Risk-box" is the number of lines that are at risk on a given trade.
"RIP" (risk in pips) is the same as the risk-box only it is pips instead of lines.
Prior to EIGHTS, "space" referred to the risk-box.
"Range" is the highest price minus the lowest price.
The median range is selected out of the last 6 or 7 weekly ranges.
The indicator takes the selected range and creates space around the Hago like so (if "multiplier" is turned on):
M1: 1.2% of range
M5 - H1: 1.8% <--- the "Percent of Range" number
H4: 3.6% <--double
D1: 7.2% <--re-double
W1: 14.4% <--re-double
MN: 28.8% <--re-double
If I have 5 lines of risk on the H1 chart and I cut my size in half then I have 5 lines on the H4 and if I cut my size in half a second time then I have 5 lines on the D1.
One of the strategies is to move your trades up the periods, via scaling out, instead of liquidating your trades.
The Hago strategy is simply to make 1 line on the monthly chart while sized to your M5-H1 charts.
.1% per line is a good starting point... keep clicking the button as your fingers allow & stop if you get to 1% per line.
If price is above the Hago then go long or if price is below then go short or if you know better then do better.
Prediction is believing that price will move opposite to the current facts.
IS A LIE__________
