thank you for replying, i'm going to read the articles on your site.
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Dislikedthank you for replying, i'm going to read the articles on your site.Ignored
DislikedHi Scott,
Great stuff there! I don't remember to have seen a link to it before in this thread. Maybe I missed it. I will read slowly as time allows. Today I took a quick glance.
Haven't you ever considered using MQL4?Ignored
DislikedHey Scott,
spend some hour reading through how you trade.
and how you use stop orders.
you seem to be filled at worst price often (always)
however i think you should use 2 account for this type of trading, because you simply liquidating 1st position when the 2nd entry for reverse orders present itself, while it could be seen as a new trading opportunity.
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now my questions
1- how/why you come up with 250 pip ?
is there also segment of 250 pip each....
2- why add orders every 50 pip why not 70 for example.
"NOTE: THESE ARE FOR EUR/JPY ONLY. I DIDN'T LOOK AT ANY OTHERS."
a. Trending legs (HLHH or LHLL): next leg reacts by 80%
b. Pullback legs (HHHL or LLLH): next leg reacts by 110%
c. Contraction legs (LHHL or HLLH): next leg reacts by 140%
d. Expansion legs: (LLHH or HHLL): next leg reacts by 60%"
3 - Why not put a large contrarian order on those exhaustion levelIgnored
DislikedI see you only did collapse the order when you are exiting your initial entry for profit.
however i am wondering why not enter the whole bulk of the order as entry order at those levelIgnored