Sterling - great thread, I'm in awe of your committment to it, your patience and generosity.
A question regarding the reversal bar. You state earlier that the stop reverse order is not placed on the reversal bar until it has closed and in an even earlier post you state that this is in case they are triggerred in the wrong order; if you are watching the bar and you see your order triggerred, what is to stop you then putting a reversal at your stop loss (providing, of course, that this order isn't the result of a stop loss reversal)?
It looks to me as thought there is a serious risk of missing a big move if the SL is broken and the price then keeps on moving - like today.
Also - when backtesting, it would be very difficult to see whether a position is reversed or left flat in these instances.
I know this would not be possible when a position is opened thru the night but during the day I can't see where the downside would be?
Any thoughts?
A question regarding the reversal bar. You state earlier that the stop reverse order is not placed on the reversal bar until it has closed and in an even earlier post you state that this is in case they are triggerred in the wrong order; if you are watching the bar and you see your order triggerred, what is to stop you then putting a reversal at your stop loss (providing, of course, that this order isn't the result of a stop loss reversal)?
It looks to me as thought there is a serious risk of missing a big move if the SL is broken and the price then keeps on moving - like today.
Also - when backtesting, it would be very difficult to see whether a position is reversed or left flat in these instances.
I know this would not be possible when a position is opened thru the night but during the day I can't see where the downside would be?
Any thoughts?
You don't have to be right, just don't be too wrong