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With all due respect, as they say in Hollywood - both the goal setting and the "N hour" rule are unnecessary. Simplifying the simple.
AA... I take it... you're trading a pattern breakdown, right?
Breakout, hmm?
Patterns show where price went in the past (i.e. a pattern with a continuation a few bars into the future, there is a similar owl in the codebase, like dejavu). I open to the same place. So there's a repetition of price movements.
See, it's even a little better. And try adding that if the goal is not achieved in N hours - shut the whole thing the hell down.
Breakout, hmm?
Patterns show where price went in the past (i.e. a pattern with a continuation a few bars into the future, there is a similar owl in the codebase, like dejavu). I open to the same place. That's where the price movement repeats itself.
You should only time out if the signal is against the wool, or better still, roll over with a double counter.
How much more necessary. The purpose is not, but the time is unambiguous. Or what are the needs then?
About time - not as simple as Paukas, but much simpler :)
You should only time out if the signal is against the wool, or better still, roll over with a double counter.
AHH... I see..... it's just that this approach, based on repeating patterns, is practiced by KIM4 quite successfully it seems. Good luck with that.
Lisa, he's not a fourth, he's an IV.