I need some help from APS (Automatic Pattern Search) experts: what values should I enter in the T/S file if I want APS to search for patterns in intraday forex data (eurusd) with 25 pip profit target and stop loss? Thanks
Since APS just adds/subtracts the target/stop value from price, it makes sense to use 0.0001 x Number of pips. For 25 pips then the proper value to use is 0.0025 but make sure you specify "inc" on the search workspace otherwise your entries in the T/S file will be used as percentages of entry price. I think the forex search examples on the APS website provide an answer to your question: http://www.tradingpatterns.com/Software/APS/forex/forex.html In case C for example, for 50 pips target/stop they use 0.05 (Target and Stop columns). Ron