Disliked{quote} The issue with choosing the last xth fractal as a sl level is that the fractals are not based on higher or lower values. So in your pics there can be a case where a sell entry is way higher than any fractal, and its up to the user to decide what to do. Fractal_Custom_Find_SL - option to find a suitable sl, anything higher/lower than the previous completed candle plus a point margin pic of what is meant by point maring above/lower than the previous candle {image} eg pic, for buys, nearest fractal lower than the previous completed candle is...Ignored
I agree with your idea and suggestion
1: i had in back mind about pips/points distance back from the SL Trailing but i was keeping it for my 3rd extension as additional safety (final ver),means when 2nd phase done,in case sell order (the 2nd Nfractal if it is higher than 1st Nfractal)
or
any highest high value from the 1st Nfractal (in case when 2nd Nfractal is lower than 1st Nfractal)
--------------------------------------------------------------------------------------------------------------
And the suggestion or the idea regarding "nearest fractal lower/higher" - in both cases i doubts the SL is yet staying too close the order opening price,so there are more chances order stopped out in loss if and when price hit a little back - i am talking about long term trading
================================================================================
Meanwhile do you think,something other than "fractal" can possibly serve better than fractal for SL Trailing,for example SRs,previous HIGHs LOWs,Donchian channel or anything else
According to my poor understanding "fractal" is the ever best choice as it serving and finding very close HIGHs LOWs in a logical way
1