QuoteDislikedDue to last weeks bad news, ranges for Eur/Jpy and Gbp/Jpy were extremely high and we had red boxes all week. If this trend continues, I will have to evaluate and raise the "MaxBoxSize" to coincide better with the daily ranges. For example, if we would've changed Eur/Jpy to an 80 pips box size and Gbp/Jpy to a 100 pip box size, we would have made an additional +381 pips. (See pics)
Mer et al,
What do you think of setting the pip box range to a maximum based on current ATR from daily levels?
50 seems like an odd number to pick out of the sky and different pairs move differently. A 40 pip box might be too big for some! While a 75 pip might be just the right size for some.... ?
We are our own best indicator.