So I come with ideas, even dumb but at least I try.
What if we take the BO of the first 4H candle after a pull back on the 15 mins charts ?
What I mean by pullback is a candle who break upside the last lower candle (for a buy)
This will give more falls signals but once the good one taken (very small stop loss) and if the trade is going the good way, we can have a huge R:R if the take profit is hit.
Also by this way we do not need any buffer.
This could be the way Ace was thinking about his new system, more loss but much bigger R:R.
2 weeks ago I made 22% on my account by risking 1%, this give us a R:R of 1:22.
I think this is the way to improve this system, not by cutting the profit at TP1/TP2, etc... neither by putting another entry, which could be better at some times and worse at another.
So the main thing is not the entry but the stop loss when you enter the market, which give you the best R:R.
Rergards,
Billyjoe
What if we take the BO of the first 4H candle after a pull back on the 15 mins charts ?
What I mean by pullback is a candle who break upside the last lower candle (for a buy)
This will give more falls signals but once the good one taken (very small stop loss) and if the trade is going the good way, we can have a huge R:R if the take profit is hit.
Also by this way we do not need any buffer.
This could be the way Ace was thinking about his new system, more loss but much bigger R:R.
2 weeks ago I made 22% on my account by risking 1%, this give us a R:R of 1:22.
I think this is the way to improve this system, not by cutting the profit at TP1/TP2, etc... neither by putting another entry, which could be better at some times and worse at another.
So the main thing is not the entry but the stop loss when you enter the market, which give you the best R:R.
Rergards,
Billyjoe