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Nice easy pips
optimize your positions now please
stops just under KS
ok guys. This is the last update
Just conclude this trade as you like
IT, how do you handle stop loss hunters? Let's say the feds decide not to raise interest rate, then it should strengthen this current possible reversal in the trend.
So what happens if the big boys try to manipulate price and dump euro to snag up cheap stop loss orders, before the price rebounds in the new trend?
Yet this doesn't always happen so...
Do you in this example of potential long:
A) Keep your stop loss orders same as ever, and have 2nd buy limit order at a much lower level to protect yourself if that scenario happens (then you beat stop loss hunters at their own game).
B) Wait till all the smoke settles before even thinking about getting into the trend?
Thanks in advanced!
P.S. I've added a kijun-sen tenkan-sen script to my existing TA pine script.
I take the 'adjustable' average of the 2 and add it to my strategy to help filter out noise by checking my existing conditions to only fire when ichi is favorable to movement in that direction! long: change(avg) >= 0 or short: change(avg) <= 0
Works great! Adds an extra 5 - 10% on most charts! Cuts drawdown by about the same amount!