My evening has gone with some analysis with 3 taps on E/U. 10 months backwards. Used only 4 h timeframe so these do not take into account possible trend changes in larger TFs. I tried to include even the ones which could have been like 3 taps when they existed (taking them is always aiming at moving target anyway). I took them from about a half of the trigger candle. Nor did I took any S/R lines into consideration. A little bit different and maybe more realistic setting than in my previous analysis. I didnīt start them on monday and some of them continued to the next week.
If you put your SL below/above last swing low/high, it seems that
13 of them hit SL. Most of them during times when there was no clear trend or ranging to both directions. Some of them were also trend changes in the middle of the week.
11 of them stayed under + 50 pips, but were possible to end with a profit or atleast BE
60 of them ended up with + 100 pips or more.
Many of them were really bumpy and long rides and went close to SL, but still ended up being profitable. => you shouldnīt change your original SL and take loss even though the original setup changes???
How to put your stop-loss with these? Should you keep the original SL and take profit on + 100 depending on the price actions. Should you trail your stops slowly upwards? At the moment I donīt see a clear answer to these. It may take a while to go through other currencies also. Many other questions aroused also during the study.
And Royalbow it looks like you could have a full time job as a hunter
If you put your SL below/above last swing low/high, it seems that
13 of them hit SL. Most of them during times when there was no clear trend or ranging to both directions. Some of them were also trend changes in the middle of the week.
11 of them stayed under + 50 pips, but were possible to end with a profit or atleast BE
60 of them ended up with + 100 pips or more.
Many of them were really bumpy and long rides and went close to SL, but still ended up being profitable. => you shouldnīt change your original SL and take loss even though the original setup changes???
How to put your stop-loss with these? Should you keep the original SL and take profit on + 100 depending on the price actions. Should you trail your stops slowly upwards? At the moment I donīt see a clear answer to these. It may take a while to go through other currencies also. Many other questions aroused also during the study.
And Royalbow it looks like you could have a full time job as a hunter