First shot for talking:
Question 1: What if your signal gets triggered on a LOW :
3) Has price returned to the open price of the current bar. If YES/TRUE enter the trade in the direction price is crossing the open...
- But market turned already for 17.8 pips up (from low before your signal), you still take the trade with an SL of 17.8 pips ? What about R:R ?
Question 2: In general: do you always place your SL below the LOW of the day (for example "D1[0] Low"), even risking 17.8 pips ?
Question 3: If not, if you put in a stop of 10 pips max. (and low is on 17.8 pips). What about getting stopped out at -10 (but market will not make a new low and returns to your entry, then you re-enter ?
Problem on such a high aggregation (1 hour) is always the illusion to get very few fake-outs, especially on 5 or 10 pips on 1 hourse bars/candles.
Question 1: What if your signal gets triggered on a LOW :
3) Has price returned to the open price of the current bar. If YES/TRUE enter the trade in the direction price is crossing the open...
- But market turned already for 17.8 pips up (from low before your signal), you still take the trade with an SL of 17.8 pips ? What about R:R ?
Question 2: In general: do you always place your SL below the LOW of the day (for example "D1[0] Low"), even risking 17.8 pips ?
Question 3: If not, if you put in a stop of 10 pips max. (and low is on 17.8 pips). What about getting stopped out at -10 (but market will not make a new low and returns to your entry, then you re-enter ?
Problem on such a high aggregation (1 hour) is always the illusion to get very few fake-outs, especially on 5 or 10 pips on 1 hourse bars/candles.