Disliked{quote} Thanks for your strategy, I believe it your TP method will make it easier to trade choppy markets. May I ask what is the method to find your average trend volume?Ignored
the method i use to find an average trend volume is simple. check all the highest points or lowest points of all trends after they cross the MA.
and you decide how much your TP is.
I'll give an example below :
As we can see, there is some big trend up to 400 pips and a sideway market with just about 20 pips
from here, you decide your TP and calculate the risk
For example:
- Option A : we place our TP at 150 pips at every trend, the risk is we lose small pips at sideway market
- Option B : we place our TP at 20 pips at every trend, the risk is we would miss some long good trends
Or we can place the TP between them to maximize profits. So, we should do a research about the average trend of the pair we want to trade. This can be done in any timeframe you like.
Feel Free to Discuss
Cheers
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