Hi JR97,
Thanks for your reply, I really like this method I have been demoing it the past week. It really enables you to minimise drawdown and get your stop loss to break even very quickly. I did manage to find an updating SDC, but have been using an updating LRC applied to median price which I have had the best results with.
I'm just wondering how you set your profit target? Do you target the mean of the two channels or do you take profit when price reaches the first channels regression line?
Thanks very much JR97, any information would be greatly appreciated
Cheers
Jeff
Thanks for your reply, I really like this method I have been demoing it the past week. It really enables you to minimise drawdown and get your stop loss to break even very quickly. I did manage to find an updating SDC, but have been using an updating LRC applied to median price which I have had the best results with.
I'm just wondering how you set your profit target? Do you target the mean of the two channels or do you take profit when price reaches the first channels regression line?
Thanks very much JR97, any information would be greatly appreciated
Cheers
Jeff