Would forex forex mean reversion mq4cpp reversion mq4 file a nice bounce with three VPOC’s overhead. Will drop FGBL for now and stay forex related as more people follow it anyways.
I’ve been trading this method in various forms for more than 4 years. I have seen wild swings in my account equity, both good and bad. One of the most positive developments came this year when I began using the supertrend indicator in my traditional stops. I have profiled the method in its current form. Please take a look and let me know if you have any questions. I regularly post on my blog and don’t often get a chance to visit the forum. Although I really learned how to trade using some of the great ideas tossed around on these forums.
As the years go by it becomes harder and harder to find experienced traders willing to give out useful ideas. I hope some of your newer traders can take a useful point or two from my current setup. Meantrades, regardless of how the support and resistance lines are formed, no matter what the time frame, has a positive expectancy. The only question in my mind has always been drawdowns. OHLC seems to create a more significant way to enter the market and reduce risk.
With intervention both Oil went for 40 points as did the YM. The EURUSD loss was -37 pips. In the previous stop method of meantrades, the EURUSD trade would still be short and sitting on a drawdown of about 150 pips this morning. HLC will always be used with modified price bars.
Originally I saw the value of constant range bars with their ability to remain in trends longer. These days, it is more about reducing risk. If you were to compare a stop loss on a time based price candle, there is no way to know truly how large it will get before its close. With constant range bars, fast candles are always the same size.