Dislikedand sorry , one more question
which stoploss u add for ur buystop? or u put them without stoploss and add them after buystop was trigered ?
thanks
pitIgnored
After the reversal bar (R) closed, I put in the trade to go the opposite direction. According to the rules, my stop for the reversal trade should the lowest low since my short was initiated. So when I was at bar R, I put my stop at the low of R, when bar S closed I moved my stop to low of S, when bar T closed I moved the stop to the low of T. But suddenly bar B made a lower low and also rushed upwards and triggered my reverse trade to go the opposite direction. I panicked and quickly posted in the forum. Toni replied that since bar B has not closed, my only logical stop could only be the low of bar Twhich is the lowest low since the short was initiated. This I fully agree.Toni's post should be helpful to explain this as he was very thorough. Hope this helps.