Disliked{quote} My default Plan for each Trade is going for 1:2R. When the Market gets too slow around my Entry I go either out or put my stop to breakeven. Else I dont touch my Trade. I personally dont care if I could have 10pips or whatever. I have a TP and if it doesnt reach it, then its just how it goes. Losing is Part of the Game. Its a long time investment. keep it simple. let the Math work itself out.Ignored
I still have your original indicator from Tradingview installed and doing my backtesting, I have sampled a strategy with a very solid success rate using 1:2 risk setting stoploss behind the previous candle that crosses - but only if there is green confluence on the indicator. Sometimes i enter the marked much later when confluence turn green. Stoploss is then smaller and take profit is closer and it works for me in my backtesting.
What is the data behind the confluence meter. I have tried to find a seperate indicator for this or setting up some moving averages, but i'm not able to manufacture it like yours or find anything that matches. So since it's not on tradingview any more, I would just be able to have a backup solution with the strategy since it for me personally give me a bigger edge and I would like to be able to continue with this if something happens with the indicator