In the last example we had a nice +4R profit overall, but the first trade was stopped out by only 1 tick, and I know that a lot of you find this frustration............... So what we have done is added in the ability to adjust the “tick offset”.
As you can see, in the new Beta 186 (not released yet, but will be soon), you can adjust how many ticks the stop and entry are beyond the bar high and low. Here adjusting the stop to 2 or 3 ticks beyond the high, rather than just 1, kept you in the first short trade, so you would have had only one profitable trade.
The interesting part is because the initial risk is increased slightly, the profit on this one trade would have been +4R, which is the same as in the example below where we had a -1R loss then a +5R profit................ so in reality, this will not make much difference to the bottom line in $ terms. But it will help psychologically, if you feel that stops are getting clipped by 1 or 2 ticks, and you wish to avoid that. So this will help by reducing the number of losing trades you experience....
Thanks, Steve
As you can see, in the new Beta 186 (not released yet, but will be soon), you can adjust how many ticks the stop and entry are beyond the bar high and low. Here adjusting the stop to 2 or 3 ticks beyond the high, rather than just 1, kept you in the first short trade, so you would have had only one profitable trade.
The interesting part is because the initial risk is increased slightly, the profit on this one trade would have been +4R, which is the same as in the example below where we had a -1R loss then a +5R profit................ so in reality, this will not make much difference to the bottom line in $ terms. But it will help psychologically, if you feel that stops are getting clipped by 1 or 2 ticks, and you wish to avoid that. So this will help by reducing the number of losing trades you experience....
Thanks, Steve
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