Two questions about pending order spacing and final exit;
Would you kindly update your EA trade, I started to follow yours on Monday. Since the SL is above prev. 2 days high, approximately 200 pips, so I set my pending orders 0.25*ADR(100), 41 pips in space. Is this correct way of deciding the distance of pending orders?
Regarding the final exit, i see the nearest HPSL is near 1.461xx, so should that be my final exit ? because that area forms a very strong support by looking at W1 TF. I calculated the distance from the WK high to the HPSL, it's about 320+ pips, it's less than 445 pips (100%*AWR(52) ), so I guess it's high probability of reaching to HPSL before consolidating or retrace.
Happy trading
Steven