From tomorrow I change the T/P a little bit.
The rule we have now for the T/P if the magenta line and the red line don't fall together is that one takes the T/P is on the first close of a bar that can
BREAK the magenta line.
From tomorrow the T/P is the moment when price
TOUCHES the magenta line.
This will make it also a bit easier to place a limit order waiting in the market then waiting to close the position manualy the moment the magenta line breaks.
An example is posted by printscreen.
On that printscreen you can see that price clearly touched and even went over the magenta line but did not make the magenta to break.
The thick red line shows the loss that this position made.
The green line shows the profit this trade would have made when it was closed if price toucehd the gren line.
The difference in total result over a longer period of trading will be a bit less.
Because if one waits till the magenta line breaks it can give more profit.
But it will cause less emotional stress when it touches the line and then reverses completely to the other side.
To be continued...iGoR
