Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I'm a discretionary trader so no algo for me .... I use atr to determine sideways market and I usually just sit out sideways unless it's a swide range that I can clearly define, trending markets are just a much easier way to make money so I just sit around and wait for that now. Are you algo trading ?
Makes sense I have been backtesting it I think you may be right it's long enough that if your right you'll get followthrough but short enough that you can keep the risk per trade manageable with size ... it appears to be the sweet spot between the 1 min (too noisy) and 5 min(miss potential trades)