Quote:
Originally Posted by wookey
Thanks again Dav,
Yes I meant ATR. You wrote 0.80, for EURJPY it's 80 pips range, too wide for 1 min bars. I'd say it should be 0.08 and even that is not small.
Does any rule apply to filter such trade as on screenshot?
I have a suggestion, instead of using a fixed level for FX Sniper's CCI, use variable depending on volatility. For instance: Allow new shorts if it retraced 20% of the previous high. If the previous high was 290 we allow shorts when it decreased to 232.
Wookey.
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Before I study and reply to your suggestions let me first comment that the screen shot you show from Aug 3 perhaps should not have been traded, because the top was 163.37 and your entry is at 163.22 15 pips. Please note when it was 163.23 price was still above the SDL.