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Whipsaw STOP STRATEGY

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706
c0d3 2006.09.04 01:59 

"Stops are placed at ½ N for ½ % account risk." [1]

N=Average True Range (ATR 20)

N for EURUSD = 0.0082 (DAILY CHART)

((1/2)*0.0082)=(.0041)
(1/2)%OF ACCOUNT RISK=$250, 25 pip




QUESTION:
HOW FAR AWAY DO I PLACE THE STOPLOSS, 0.0041?



References:

[1]http://www.elliottgann.com/en/index.php/Chapter_V_-_Stops
Transferring an Indicator Code into an Expert Advisor Code. Conclusion

Transferring an Indicator Code into an Expert Advisor Code. Conclusion

This is the final article, devoted to transferring an indicator code into an Expert Advisor code. Here the author transforms on a certain example a code of an Expert Advisor so, that this EA is presented in a single file without calling custom indicators.


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97
Zonker 2006.09.04 08:17 

Reduce your lot size till everything matches up?

eg use 25/41 ~ 0.6lots, then 41pip loss = $250

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