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Originally Posted by Quickdraw
Hi Paijo,
About a month ago I had asked why you changed your forex generator to make it 2 pips farther from the buy and 2 pips farther from the sell. I'm still trying to decide which is best -- the orignal way or your new way of making the signal 2 pips farther from the system entry price than normal. Did you change to the new way just because you had a few trades come close but miss touching your entry price? Or have you done real research of this over a good period of time that proved the new modified way is the best way?
My point is that I don't think the systems of WSS, Dolly, or Artemis have changed their system to make it 2 pips farther away. Because aren't these 3 systems the same? It seems like if this were really a problem then at least one of them would have mentioned it. What happens if you have some trades come close but not touch your new modified forex generator price? Will you then again move it 2 more pips farther away? I'm not complaining or criticizing, I'm just trying to figure out why you decided to be different from all the other similar proven systems I mentioned. Maybe your way is the best way but I don't know because I haven't done any research on it.
In any case, thanks for making the forex signal generator. It makes it easy to make our own signals.
Quickdraw
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another smart question from smart person
the answer is simple, it's all about deviation of pair movement, I have research (since august 2006) they always move between 20 and 25 pip above and bellow pivot for good entry point, so the best position to pick the entry was 22,5 or between 20 and 25, in this case I pick 22 for range. You can read
the story behind daily20pip for similiar explanation, that's trully the first ancient idea before it become forex signal generator project
please remember I do this project based on GBP/USD, so you have to try your own set with other pair, hope this help
