Maybe I am missing something here, but there seems to be an obvious mistake.
From what I gather you have your entrance at open +x... then stop at open. And you expect it to have the same % accuracy as what you figured when performing the intial calculations.. however that is impossible...
Simply because your calculations deal with something such as abs(open-high) and abs(open-low)... so your shortest distance and your longest distance variables are generated from above..
This does not give you any information to be able to say if price moves greater than open+x to enter and then to get stoped otu if it moves back to the open.. it should be if it moves past the open-LSD...
That is because its easy for the price to pass your entrance point, still go back below the open or further, not get all the way to open-LSD,then turn around and go back above yoru entrance point as much as your SDL...
do you get what I am saying? Am I describing this correctly? Bottom line, I dont get the stop being at open.. using OHLC bars you do not have enough data to know what came first... therefore yoru % of success for the trade numbers are way off... you should be using your stop for longs at open-LSD
Which this makes your risk for your trade MUCH greater, makes it more like 2*LSD instead of just one LSD..
comments?
