I have been giving this a thought to maximize the profit and lowering the drawdown (by taking a calculated risk) . How about an addition to the strategy where we can enter the Long Market (H1-H4) when M15 goes Red hits LL and moves up 300-500 pips (this can be varying - lower/higher) the setup stays valid if no new LL is formed before 300-500 pips target is hit. In case a newer LL is formed with H1 and H4 still in the same trend the 500-1000 pips range should be counted from the newly formed LL. Similar for a downtrend with HH.
Just a thought to make the entry have lower drawdown.
Edit: As I understand right now we are waiting for M15 to turn same color as H1-H4 bfore applying the Pip Filter.
Just a thought to make the entry have lower drawdown.
Edit: As I understand right now we are waiting for M15 to turn same color as H1-H4 bfore applying the Pip Filter.
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