Dislikedhi Ronnie, firstly many thanks for putting up this cool strategy on this great forum. I did two trades and the latest one on USD/CHF fetched me 60+ pips. There is one thing which is not clear though. Your rules mention that stop or cut loss should be 100 pips but from where should i calculate this 100 pips.
1) 100 pips from the entry price of the trade?
2) 100 pips from the low/high of the setup candle?
3) 100 pips from the 15 EMA?
Could you please throw some light on this please? .... Once again thanks for this cool system....Ignored
Kool,
Welcome to the thread.
I use a 100 SL & 100 TP from entry price. When (if) price then goes to +50 I move the SL to B/E.
Hope this clarifies.