I have just read the thread. I like short term scalping strategies so am encouraged by this system. If I understand correctly, the runaways happen on entry. Is this right? If so, why not do stop entries to trigger orders. Perhaps by putting buy/sell orders below/above the envelope line we could avoid having the trade get away from us. Even if we have to do this several times as the bars get away from the envelope we would still be protected from the runaway.
Does this make sense, or am I missing something here? Thanks.
Does this make sense, or am I missing something here? Thanks.
"Loss and failure are inevitable but misery is optional"