DislikedHi PistolDave! a few things to go through.....
Good discussion. Perhaps one step to bringing some focus back is that the Spieler method now has it's own thread, which I will be following! That should help a lot.
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Also, the way I am approaching this is not exactly the original way as well, but I think still in keeping with the concept....
Ignored
That makes it clearer for me now. I had run into one or two trades in the past week that didn't work out like I expected so I wasn't sure if I was on the right track.
I had one trade that was stopped out because I had set the stop at only 100 pips when, as you say, it should be about 2x the trigger delta.
Also, I was setting the v3 period to only about 72 which is too short of time to see the extremes that the price can go out of synch. If you set the period too short you may think price has reached an extreme by looking at the indicators but it may still have a lot farther to go before it starts swinging back.
The key to profiting from this system then, as I understand it, is to be able to anticipate when the prices have swung out to their recent "normal" extremes and then try to enter and wait for them to swing back to the other extreme. And also as you have pointed out you can trade conservatively, agressively, or in the "always in" mode. This method, coupled with stop orders to protect against out of the normal movement, can possibly provide a profitable strategy overall.
I'll be testing it on demo.
pd