Hong Kong
2020-07-16 14:08
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EAReversal Implementation 4
When the first 2 indicators provide a signal within a given window, for example 5 candles, the trade would then be confirmed using principles 3 and 4.
Stop-Loss placement has been utilised using one of two formulas.
Swing High/Low - For a long position, take the x candle swing low as the SL.
ATR (Average True Range) - Take the entry price, and in the case of a long, place the SL at a set multiple of the ATR below the current price. There is value in using different ATR time frames than the time frame currently being traded.
Leah Ludenyi
Broker
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Reversal Implementation 4
Hong Kong | 2020-07-16 14:08
When the first 2 indicators provide a signal within a given window, for example 5 candles, the trade would then be confirmed using principles 3 and 4.
Stop-Loss placement has been utilised using one of two formulas.
Swing High/Low - For a long position, take the x candle swing low as the SL.
ATR (Average True Range) - Take the entry price, and in the case of a long, place the SL at a set multiple of the ATR below the current price. There is value in using different ATR time frames than the time frame currently being traded.