DislikedHi Evaluator,
in post 15822 you mentioned that
Now It follows the same rules as post #1 however, instead of immediate order entry at signal. I place a pending order that is usually 5 pips away and let the markt come to me. Exit rules follow post#1 but exit on first candlebar colour change. I also exit on Trend changes as well.
I am confuse on 5 pip away means what
suppose if there is buy signal , you place order signal price + 5 pip buy order , or signal- 5 pip ( to buy on pull back)
RegardsIgnored
5 pips is a broker restriction and I can not set a pending order closer than 5 pips from current markt price. But I use the high low of the signal candlebar to place my pending order and it is usually 5 pips from that level. But you also want to keep out of whipsaws and that is generally a good distance to be away to prevent catch in whipsaws.
Evaluator.:nerd: