Yes, that is the problem. Buy stop would be -200 pips when sell trade triggers. Unless the sell is larger than the buy, it will be a big loss. A ranging market is going to kill your account.

What would you do if the Buy stop is triggered, price reverses and triggers the sell stop also ?

Thanks for sharing TheCoderMT4 subscribed and testing.

Very interesting indi's. Thanks for posting tunera.

Your observations are 100% correct, and this happens often. I largely trade this way, but also keep an eye on the last three days high/lows for each session. This is the real footprint of the institutional traders as they buy and sell at different ...

Subscribed, what timeframe do you prefer ?

Looks good Al. My favourite pair. Subscribed.

Very clever, good luck Edorenta.

Different RSI settings.

The first down bar X is an inside bar as well.

Very well said, I thought this comment needed highlighting again, as it is one of the most valuable lessons to be learnt in trading. Please keep up the great work, Kirkleaforex. Subscribed from sunny Brisbane.

It's a Moving average - 6 Linear weighted High and Low.

Thanks.

Which Australian ECN ?

Thanks for the info kxr123, we can all help each other with our thoughts. I have been trading for many years now, but have just incorporated a change from your previous post which has improved my system further. Thank you.

Will do, subscribed to your thread.

30% of Capital per trade, you are not going to last long on a Daily chart. Good luck.

I used to trade this end of London sesssion reversal often. Watch the 11.8/88.2 lines as they constitute a half Fib and final support resistance points. You should do well with this system. Good Luck.

Subscribed Dreamliner. Always a pleasure to read your posts. Thanks in advance for your time.