Good Strategy (so far) but confusing results.......any ideas?
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I have a trade that triggers on a candle above/below the 13SMA. For long for example, it has to be above the 200, 72, and 21 MA's. For short I see the entry is at the candle open but for long it's about 9 pips away so all shown would hit TP!!! However for short it gets to TP but goes and hits the SL to close. I am using *1 ATR for TP and *1.5 ATR for SL.
Today is my first attempt at this but I'm confused.!Any help appreciated.
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Long example.
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@abarrett69 Do you add your spread to your TP? I see your spread is too high.
when you see price is on the your tp but can't close a position that is a big spread .
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@abarrett69 You can share your project here by a link and guys can check your project
please look at "create a shared copy" menu
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@xfire said in Good Strategy (so far) but confusing results.......any ideas?:
@abarrett69 Do you add your spread to your TP? I see your spread is too high.
when you see price is on the your tp but can't close a position that is a big spread .
Yepp, looks like he uses current spread in bt and over the weekend it may be quiet high.
I like to share my knowledge, but expect the others to contribute as well.
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@trader-philipps Can you tell me where this is configured? I use slippage but assume that is slippage on the trade but I can't see Spread?
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https://fxdreema.com/shared/7ezmWwoXb I hope this works.
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On the topic of spread, any idea why it's only on buys and not sells? Still not sure why SL gets hit as it doesn't get to *1.5 ATR.
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@abarrett69 said in Good Strategy (so far) but confusing results.......any ideas?:
@trader-philipps Can you tell me where this is configured? I use slippage but assume that is slippage on the trade but I can't see Spread?
Well, I use Tick Data Suite on MT4, so it says variable for me. If it says current, tester takes spread from market watch , which works okay during market hours but on off market hours can be very high.
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@Xfire @trader-philipps Thanks for taking a look! I have worked out how to get it to trade above all MA's now and bar crossing lowest MA for a trade. Thanks for the tip regarding spread. I didn't see the input and it was my Son who spotted the high spread on the screen......ha ha. I then found the setting and reduced it. 22 successful trades on H4 with 5 losses but one loss is incorrect because it shouldn't have been a trade.....not sure why. I can optimise this now. Thanks again!
