Got it, Mate, here's what the results would have been: Entry 1: +1 (at +5 converted to +1, closed at +1) Entry 2: +1 (went to +7, converted to +1) Entry 3: +5 (went to +14.9, converted to +5) Entry 4: -3.7 (1 attempt within 1 hour) Entry 5: -3.7 (2 ...

Highest Open / Lowest Open Trade

If I were to take +5 and exit the market, this is what the result would be: Input 1: +5 Input 2: -3.3 Entry 3: +5 Entry 4: -3.7 Entry 5: -5.1 Input 6: +5 Entry 7: +5 (1 attempt within one hour) Entry 8: +5 (2 attempts within one hour) Total: 12.9 ...

Highest Open / Lowest Open Trade

Entry 8: +1.7 Take profit set at the local maximum opening of M5 Points are summarized

Highest Open / Lowest Open Trade

Entry 7: +1 After the M5 candle closed, I moved the stop loss to +1 Closing at +1 allowed to fix part of the profit and set a new entry setup

Highest Open / Lowest Open Trade

Entry 6: +1 Moved stop loss to +1 after the close of the M5 candle. Closed on stop loss at +1

Highest Open / Lowest Open Trade

Entry 5: +1 Went out at the maximum opening of THIS hour

Highest Open / Lowest Open Trade

Entry 4: +1 Exited at the close of M5

Highest Open / Lowest Open Trade

Entry 3: +1.5 pip profit. Why? It was the 3rd entry within 1 hour, then the risk that the price will update the low of the day is higher. Therefore, I set take profit at +1.5 pips, at the maximum local opening of the M5 price Yes, ex post facto you ...

Highest Open / Lowest Open Trade

Entry 2: +1 pip of profit. Moved stop loss to +1 after the M5 candle closed.

Highest Open / Lowest Open Trade

Entry 1: +1 pip of profit. Moved stop loss to +1 after the M5 candle closed. Could have taken +2, but rule #2 was violated because the spread widened by 1 pip. I'll take it on board Next, the price went to +5 without me, but there will always be ...

Highest Open / Lowest Open Trade

Logical, Mate, but volatility could have gone further against me. Should I shorten my stop loss before the news, based on your experience?

Highest Open / Lowest Open Trade

No way, I'm just following your advice to shorten my stop loss (and common sense) to exit a trade as early as possible if it's not going in my direction

Highest Open / Lowest Open Trade

Mate, I opened a GU trade today but got a loss on the bar high (2) Reason: The red candle (2) closed below the green candle (1), which indicates a market reversal downwards Stop loss was moved to the high (2) for better R:R. Next, a loss and then an ...

Highest Open / Lowest Open Trade

That's a very good point, Mate! What would help to determine that the price gives you the opportunity to take 1-2 pips? Is it worth switching to M1 for this?

Highest Open / Lowest Open Trade

When that happens, I know there is always a new deal to be found (Rule #5)

Highest Open / Lowest Open Trade

Thanks for the explanation, Mate! Yes, now it is clear that every breakout, statistically, will not reverse immediately and you have to be careful. Maybe it's easier for me, because I reduce my stop-loss extremely fast to take +5 and exit the market ...

Highest Open / Lowest Open Trade

If I am interpreting the data correctly, over the last 1000 candles (1000 days): ATR 50 was in 87.2% of cases ATR 100 - in 50.1% of cases ATR 125 - in 36.8% of cases Based on this, statistically, a daily reversal is possible at: ATR 50 = ...

Highest Open / Lowest Open Trade

Duly noted, thanks Mate! Am I correct in understanding that statically, if ATR exceeds 50%, it would be appropriate to enter against the breakout?

Highest Open / Lowest Open Trade

I will try to explain my logic and answer your question: The price is either rising or falling. There is a 50% probability of either outcome If ATR≥50%, the probability of a successful entry against the breakout will be higher, accordingly, it would ...

Highest Open / Lowest Open Trade

I think I'm beginning to understand..... in post #18390 you gave me an idea of what to do. I'll explain it in my own words: - Take the low and high prices for a period of 4-12 days. - Calculate the difference between them. This will be the ATR. - ...

Highest Open / Lowest Open Trade