Tick levels

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

Another good day..........

Hi Everybody,

Now do you all see why I go on about the Cyclical Nature of Trading so much – after a few hard days, we are now having a run of good and very profitable days ! This is how trading goes in the real world, the good times are followed by harder and quieter times, before the good times come round again........

Please remember to follow the 5min Charts as well as the 3min Charts, the 5min YM was a great example yesterday, where we had a -1R loss (which was only stopped out by 1 tick !) followed by a lovely TS4 sell that nailed the high of the day perfectly !

Using the Standard Trade Management guidelines would have swapped to the ATRStop as the STF was strong, for a nice +5R Profit (ignoring slippage and commission).............

So -1R and then +5R = +4R Profit overall – a good result !

Thanks, Steve

Yep, you guessed it, the Advanced Trader could have done a little better.....