detector replies to: Simple Daily Trend Reversal Trading System

forex
12
0

{quote} Hello jdva yes that’s correct, SL is set at 79.300, the same like mine.

I guess you mean 79.73, anyway seems to be pretty close with just about 20 pips SL.

What do you think about an ATR-based SL and TP on individual currencies? For instance, on NJ 150% of ATR (H4,180 periods) are 37 pips as risk SL (1R), hence TP could be 2R or 74 pips as fixed reward. F.i. corresponding to the different volatilities those values would match 90/180 pips on GA.

Just a consideration, although I have to admit, I don’t know how difficult that could be coded…or just manual input possible. Many thanks for your constant efforts, mate !

Happy trading, jdva

Facebook Comments

POST A COMMENT.