Disliked{quote} The idea is (I think) unique to this thread. When a valid signal candle prints a trade is opened at the close. The position size has two components, first, all trades are based off of 10 pips and second, all trades are worth 2% of account (in the posted tests it is $100) this calculation gives us the 1R required to implement an actual SL/TP. Here is the formula. {image} The trade will close in one of three ways...at a SL based on -6R or a TP based on +12R and finally at BE if +6R is reached and price moves back to the entry price. Hope this...Ignored
Yes, in a simple terms you would enter after indication of sell or buy with the close of the candle.
by the look at some chart pictures the sl been hit more often then tp. Would you extend your sl? As quite a few it retraces different direction until it goes to tp