This is the exact problem with the 2*ATR stop you suggested. It is NOT constant throughout the trade. Assuming you enter near the start of the trend, it will be tight due to the consolidating market preceding the range expansion(not necessarily a bad thing -- it is lower risk). Then near the...
Actually, no. There is no such thing as a holy grail whether it be entry or exit.
Agreed. Key is consistency in applying your method with positive expectancy. That being said, DIFFERENT exit methods should be applied during the appropriate market conditions (combo of targets S/R and...
I'm not surprised something like that works so well. A good exit strategy is one that is aware of both current market conditions and current trade performance.
DH
Very interesting take on the subject Mike. I am currently working on a study on this trade management idea and gathering statistics along with other different management strategies. I don't have the hard facts yet but I do believe that once your trade has proven you correct directionwise it is...
Hindsight :p
I moved to a longer timeframe daily ,30 60. What you are working on is more 'micro'. I don't want to dissuade you from your research but my belief is that the smaller timeframes are dominated by extremely large institutions like DE Shaw that do arbritrage all decked with super...
Interesting. I had the time frame selectable but in a different sense. 5 min meant the number of contracts hitting the bid or ask within that bar.
Heck why not do both ... have one for time delimited and another for #of contracts...