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Originally Posted by kamyar
hi kalenzo
thanks for you help.
i attached a pic.please take a look at it and tell me,did i right?
1-i set the price parameter on signal bar open price
2-i set the dev parameter on the value of juice indi. for previous bar.
but i have some quiestions:
first of all. should i change the indicator parameters for each candle.i mean,whenever the current candle finished i set the indicatore as thw same way above for new candle.am i right?. if i am wrong so in this case(attached pic) we loss many pips if the parameters do not chaneged.
please help me in this matter.
thanks again
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U did right setup kamyar.
I'm not changing those lvls. That's becouse this indicator was made by statistic rule called 3 sigmas and it say that 97% will be in 3*deviation from poit. So i gues u say that we lose many pips becouse we close trade on 3th take profit, but U dont have to do so. U can use it like that : set sl in half way between tp2 and tp3 when price reach tp3 and use traling stop.
I'm using tp3 as exit point becouse in 97% it is right. so it can maximize profit.
But u can do it your self, i'm open for new ideas of using this lvls
U can also change TP ratio to 1.5 or 2.
It's like that - when U feel that the market is in strong move u can set ratio to 2 and when u see the signal but it is the risky one ( like it was yesterday and nina said that when price goes more than 20 pips from average then it is risky) u can set tp to 1 or 0.5 and see where the exit is
And the last advice for now that i can tell u is that when u enter the trade and the previus bar deviation is poor (like 1 or 2) then u can use actual bar deviation, or change lvls when the bar will close or if dev <= 5 use 5