Dislikeddroland, can you please verify this image correctly shows how you would have traded with your re-entry methods during the week of June 22?
These trades were made by an EA I'm working on and I want to make sure it's following your rules before I continue work on it.
It uses a 75 pip trailing stop. Original s/l follows original rules. Re-entries have a s/l set at 50 pips. All re-entries are entered 25 pips away from where the previous trade was stopped out at.
It placed 7 trades with 5 winners and 2 losers.
Thanks!
Attachment ...Ignored
My first impression is that you are on track but the exits don't seem to be accurate. Your first entry is fine. Your first exit is not correct. You should be way done in the trade before your first SL exit occurs.
Also, I suggest that when you exit, use the 25 pip new Pending but you should move that up to your original exit plus 10 pips to accommodate for spread and slippage.
The problem with the EA is that you cannot immediately enter the new SHORT (or LONG) as the price needs to move up (or down past your exit). Maybe a SLEEP function might be used here.
If you like, send me the code and let me look at it.
Dave R.