All,
Does anyone know the exit adjustment rules for the ping pong strategy? If a trade starts going against you, do you adjust only on the close of the active bar, or do you adjust as the active bar expands its range.
For example: you are short, but the active bar closes higher so you set the new exit at 1 tick below the new anticipated low and wait for the bar to close, or do you continually adjust the sell limit on the active bar if it starts making new high.
I.e., do you always try to maintain the 2.25 tick range on the active bar or only adjust when a new bar opens.
BTW: Unless you know the strategy, this probably doesn't make sense. Also, I know some people claim Rockwell is a scam, but this strategy does seem to have some merit.
Thanks,
GA
Does anyone know the exit adjustment rules for the ping pong strategy? If a trade starts going against you, do you adjust only on the close of the active bar, or do you adjust as the active bar expands its range.
For example: you are short, but the active bar closes higher so you set the new exit at 1 tick below the new anticipated low and wait for the bar to close, or do you continually adjust the sell limit on the active bar if it starts making new high.
I.e., do you always try to maintain the 2.25 tick range on the active bar or only adjust when a new bar opens.
BTW: Unless you know the strategy, this probably doesn't make sense. Also, I know some people claim Rockwell is a scam, but this strategy does seem to have some merit.
Thanks,
GA