Sorry for the mistake i've done : if the candle is too small, you can trade the next candle if point 3 (instead of 2) is respected.
When the first candle go through the EMA but is too small, you can trade the next one even if it doesn't go through the EMA.
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What do you mean when you say that " When the first candle go through the EMA but is too small, you can trade the next one even if it doesn't go through the EMA"?
Are you saying that if the first candle to break the line is less than 20 pips or if the body is less than 10 pips, then you can make the trade on the next candle even if it is NOT thru the line?
Why would you enter the trade on the next candle if it is not through the line?
how about MM ?
Do you trade fixed lotsize or lotsize based on stoploss ?
with the latter : small candles -> tight stoploss -> large lotsize -> very good Risk-Reward.
Ever thought about additional other filters ? (larger MA, pivot points, open of the day,...)
hard to manage the lose as u mention at first post, because u are trading GU with 4 pips spread, and u setting 7 pip stop lose?
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Look at this chart :
i have sell @ 1.5881 at this candle n° 1. the SL was at the higher of this candle n°1 + 7 pips.
I have moved this SL to the higher of the candle n°2 + 7 pips
And i have moved the SL to the higher of the candle n°3 + 7 pips, the SL was touched
What do you mean when you say that " When the first candle go through the EMA but is too small, you can trade the next one even if it doesn't go through the EMA"?
Are you saying that if the first candle to break the line is less than 20 pips or if the body is less than 10 pips, then you can make the trade on the next candle even if it is NOT thru the line?
Why would you enter the trade on the next candle if it is not through the line?
I don't understand.
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I mean if a small candle go through, we are going on the good side of the EMA to trade. But we need a confirmation. If the next candle is big enough and not in the opposite way, we can go.
Usually, when a candle break the line, the next one won't because is already in the good side....
how about MM ?
Do you trade fixed lotsize or lotsize based on stoploss ?
with the latter : small candles -> tight stoploss -> large lotsize -> very good Risk-Reward.
Ever thought about additional other filters ? (larger MA, pivot points, open of the day,...)
I like this approach ! Thank you !
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I recommand this : small candles -> tight stoploss -> large lotsize -> very good Risk-Reward. Adapting the size to have always the same eventual loss (same amount in $), the money you are agree to risk...
I don't use others filters, want this system stay simple !
If a candle closes through the line but is less than a 20 pip candle or the body is less than 10 pips, can you enter on the close of the next candle as long as it, too, is through the line?
Thanks
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What do you do if you get an entry signal and then you get another entry signal in the opposite direction before your original stop is hit?
Can you provide little more detail about the size of the candle >20 or
if the body of the candle >10
Is it the opening and closing price of the closed candle
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If the size of the candle is less than 20 (closing price - open price) or the size of the body is less than 10 (higher of the candle - lower of the candle), i don't care about this candle.
