Does anyone have a PDF outlining the parameters for the ONS strategy?
I am not clear on where you set your original stop loss and take profit? Do these move at all during the trade?
And if my order gets filled on Monday, when do I exit? Immediately? Or if my order gets filled on Tuesday, must I then wait until Monday to exit?
I've read through the thread and it seems that the stop loss is "sometimes" adjusted based on volatility. How does one know to adjust?
Sorry for the basic questions but a little bit slow on all the mechanics.
I am not clear on where you set your original stop loss and take profit? Do these move at all during the trade?
And if my order gets filled on Monday, when do I exit? Immediately? Or if my order gets filled on Tuesday, must I then wait until Monday to exit?
I've read through the thread and it seems that the stop loss is "sometimes" adjusted based on volatility. How does one know to adjust?
Sorry for the basic questions but a little bit slow on all the mechanics.
QuoteDislikedBuy only on Fridays--- at one pip above the highest high of the last ten days--- if the 10 day simple moving average is above the 40 day simple moving average based on Thursday's closing price.
Sell only on Fridays--- at one pip below the lowest low of the last eight days--- if the 10 day simple moving average is below the 40 day simple moving average based on Thursday's closing price.
QuoteDislikedIf you get filled on either rule, exit on Monday morning's open, or Tuesday morning's open, if Monday is a holiday.