Quote:
Originally Posted by wookey
Thanks Dav,
What's about this rule:
3) If you have a losing trades do not enter the next trade within the same 10 pips of price as the previous one.
Should we avoid the entrance price +- 10 pips or price where the trade was stopped? Or may be both 10 pips above the max of two and below the min?
+- 10 pips from the price entry of the losing trade. This applies in the case where a new entry is formed in the same 10 pip range as the previous losing one. This rule can help you stay out of ranging conditions where the price moves back and forth in the same 20 pips
Also, don't you think that 8 pips ATR is too wide filter for 1 min TF?
Sorry, I'm not sure I understood the question, are you reffering to the ATR 0.800 level?
Wookey
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Good Luck & Happy Trading