so lets look at the current eur/usd chart bar short long 21 .5 36 20 3.3 64 19 5.6 25 18 8.3 36 17 .4 54 16 3.1 22 15 3.1 33 14 1.6 20 13 83 14.5 12 .1 56.5 11 4.3 39.2 10 90 28.6 9 2 70 8 7 69 7 0 66 6 10 54 5 30 28.6 4 67 14 3 .4 51 2 59 30.4 1 1.3 74 LSD= 7 DFO SLD = 14 DFO n = 21 bars entrance= 8 DFO stop = open take prof = 14 DFO MDRR= 4:3 %tile accurate = 19/21 or 90.48% POT= N trades 114 LOT= N trades 16 NPOT=N trades 98 LSD= longest shortest distance SLD=Shortest Longest distance N= period of calc bars MDRR= market defined risk reward POT=Profit over term LOT= loss over term NPOT= Net POT next bars trade open +8 entrance open + 14 TP open stop expected success rate = 90.48%
what did i not do right... what protective measure did i not take even tho the trade is going well....
traded both ways and when trade was initiated it was against bias.. tho i liked this trade as it was still high Prob. didnt trade with the bias... you can trade against the bias just look for your stops to be further and your Take profits to be closer. this will skew MDRR against making the trade MOST OF THE TIMe not all the time... +54(1500)for the day had one hourly candle hit a stop but you cant win em all cya for the day
Let me make sure I understand what that data table was a few posts back. The first line in the table labeled #21 is the most recent bar in time? The other 2 numbers after each bar # are (open price - low price) and (high price - open price)? I imported your data into Excel and tried to duplicate your summary numbers such as LSD and SLD and got different results. The SLD agreed (the MIN of the longs?), but the LSD (the MAX of the shorts?) was 90. The data formatting was a little funny and my "fixes" may have broken the data.
I'm a little confused. What do you mean by "short" and "long" side? The side of the short wick, or short direction? thanks