Hi Paul First thanks vm for your really nice system, looks excellent in the past. I have 2 questions about the entry. 1. If I understood you right, you have a static SL of 100 pips for ever currency pair. Why not a SL based on ATR? What is your idea behind? 2. If the price reaches Area of Value and a divergence is there plus a round number are you triggering the deal asap at the round number or are you waiting for a consolidation of the price? And how are you using the 15m for fine tuning as mentioned earlier. Thanks and wish everybody a lot of...
Glad you like the system
I adjust the SL / TS depending on the ATR of the currency pair its in section 2 of the first post, i do not use fixed SL the same for every pair
2. Currency Value
Not all currency pairs are equal, some move faster than others and also have a different value per pip.
So lets look at movement of currencies compared to each other, The majority of “retail traders” probably ignore this most of the time.
*This next bit is especially important to my strategy in particular as i use Round Numbers for entry and exits
Ok so lets compare two currency pairs with the same value per pip of £1 with an equal stake of £1 and my profit goal is £100 per trade.
Currency pair (A) moves on average...
I use the Round numbers and MA's on main chart as areas of a possible entry with a price reaction combined with the short term divergence, i sometimes look at 15m charts if price has moved above the Area to see if there is a strong price rejection
