Thought of sharing my TP SL settings based on last 20 days avg ATR and spread. Every week Sheet 1 needs to be updated.
For Weekly basket, still got to figure out the right TP coefficient. But the daily mode is giving consistent profit with settings D+W, TL 2, MA default.
If you ask me why 0.16 on daily mode: cause mostly the profit locks down in 4 hours i.e. London session before NY opens. Means 4 / 24 hours = 0,16
Still my stand is same on quality over quantity, just raise lot to get desirable profit based upon risk.
Example:
Weekly & Daily
For Weekly basket, still got to figure out the right TP coefficient. But the daily mode is giving consistent profit with settings D+W, TL 2, MA default.
If you ask me why 0.16 on daily mode: cause mostly the profit locks down in 4 hours i.e. London session before NY opens. Means 4 / 24 hours = 0,16
Still my stand is same on quality over quantity, just raise lot to get desirable profit based upon risk.
Example:
Weekly & Daily
Attached File(s)
CCFp TP SL.xlsx
51 KB
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