DislikedI am interested have to do some back testing, why only one pair.Ignored
Here's Tom with the weather.
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DislikedHi guys. At the start of every week (Sunday 9GMT here) wait for the first 4h candle to complete (candle 1). After that look for a 4h candle (candle 2) to close above or below candle 1. Buy rules: Place a buy stop order 2 pips above candle 2 Sell tules: Place a sell stop order 2 pips below candle 2 Risk: 2-5% risk per trade Stop loss: 1.5 times the 4h ATR (14 days period)Ignored
DislikedI am interested have to do some back testing, why only one pair.Ignored
Disliked{quote} Very interesting, but a couple of comments 1. How do you calculate the ATR of a 4 hour chart using 14 days? I assume you mean the ATR of 4 Hour chart using 14 x 4 Hour periods, nothing to do with days So why 14? there are 30 x 4 Hour bars in a week, it makes more sense to average the data of the past week right? 2. Reporting profits as pips is useless unless you include the risk to reward, or at least the profit as an R ratio Could be a matter of opinion, maybe you scale every trade to be a set amount of dollars per pip Or report it as percentage...Ignored
DislikedI still do not get it this ATR thing, sorry!!!!! Abybody plz throw some light??? Stop loss: 1.5 times the 4h ATR (14 period)Ignored
DislikedI still do not get it this ATR thing, sorry!!!!! Abybody plz throw some light??? Stop loss: 1.5 times the 4h ATR (14 period)Ignored
Disliked{quote} It's an Average True Range of whatever time frame you desire, and for the number of periods eg. 14 I think they teach it in babypips school over at website of that same name but here is an indicator you can play with, this one is great because you can check weekly, daily, 4H etc. cheers {image} {file}Ignored