Some thoughts and suggestions
Thoughts:
Reno andre is a counter trend trading pattern
It will work during corrections and will fail on trends
We know approximately what the size of the stop is - 20 pips
Suggestions:
trade two setups simultaneously- one with 20 pips required distance from EMA to take a trade and one with 40 pips required distance from EMA to take a trade , for a single currency pair
Thus in trend situation one of the setups (40 pips) will cover the losses of the other setup (20 pips) and when we are in correction the 40 pips setup will not work and the 20 pips setup will work
I will test this idea on forward test next week, to check if it is viable
Thoughts:
Reno andre is a counter trend trading pattern
It will work during corrections and will fail on trends
We know approximately what the size of the stop is - 20 pips
Suggestions:
trade two setups simultaneously- one with 20 pips required distance from EMA to take a trade and one with 40 pips required distance from EMA to take a trade , for a single currency pair
Thus in trend situation one of the setups (40 pips) will cover the losses of the other setup (20 pips) and when we are in correction the 40 pips setup will not work and the 20 pips setup will work
I will test this idea on forward test next week, to check if it is viable