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__________________ "The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth."
I don't trade it so I can't help you there but maybe someone on here who trades it would help you. You are talking about a four week rule and you are bothered about 20 pips. You can get 20 pips from a tick chart.
__________________ "The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth."
i was saying would it not be safer to use this method, but instead of waiting for it to go from a high to a low, just set a TP level instead because surely it could just keep goin up and up until you lose all equity
In terms of draw down that's what a stop loss is for. The system has some merit but you must first find the trend. Remember this is a trend following system. In trending markets you would make a killing.
Markets move sideways more than they trend.
Anyway have a look at the chart this is Cable which is in a very strong down trend.
You would sell on the green line and place your stop above the yellow line which is the 10 MA.
Oh and cable just made a new 4 week low
__________________ "The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth."
4 week rule
Linear Mode
