Quote:
|
Originally Posted by Ducati
By pipstep, I mean range. If the second positions buy 20 pips above the first, then the pipstep is 20.
I think we need the EA to change the TP, SL, and pipstep depending on the pairs range. If the pair ranges 20 pips, and the pipstep is 20, it could just keep buying high and selling low. So, some indicator would be used to reduce the pipstep to say 5, so you would get 3 winning positions in a row before a reversal.
|
Wouldn't the TP be the same thing as the pipstep in a simple system of buying immedietely again when one long trade ends in TP? So the idea of a pipstep would only be involved when we overlap the consecutive trades correct?
What would be the benefit of reducing the pipstep to 5? Why not reduce it to 1 and add to our positions on every tick in the direction of our current trades? But then, do we close out all of the positions when one ends in SL? This would be inefficient since the oldest trades would be at even and not in too much danger of getting stopped out yet. Although, it would signifiy a change of direction. A lot to think about.
Still not sure what you mean by pipstep though and how it's different from our TP/SL range/zone. What kind of indicator are you talking about? I'm trying to avoid indicators. Matt