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Originally Posted by newdigital
Of course SL should be much more than 16.
Because it is not CatFx50 system where you need just to catch the entry immediate before big movement.
In this ASCTrend you may open the order irrespective of this movement and news.
Why 15 timeframe? because on M15 timeframe you mayb see the price movement more clear and you may do re-enter many times.
The problem with this system is the following: if the market is reversed (from downtrend to uptrend generally - on M15, H1 and H4 for example - let's say finally) so we are getting stop loss.
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Ok I understand what you are trying to achieve , dropping back to M15 to trade in direction of identified market direction thats ok. However I don't quite understand your last statement if you have time can you post an example please
What I mean is give me the worst example of failure for analysis.
Regards