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Initial protective stop (IPS)


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  #1 (permalink)
johnmic
perth/australia
 
Posts: 1 since Aug 2013
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How do you guys place your initial protective stop in MTPredictor? There are many times that the default trailing one bar high/low IPS get stopped out but the market rebounds after 4 or 5 ticks beyond the IPS and reaches the target level. Should we adjust the IPS or just accept the 1R loss?


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  #2 (permalink)
 bibulous 
Germany
 
Experience: Beginner
Platform: MultiCharts, NinjaTrader
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I always use the IPS and if trading on the 3m chart almost never set it to break even if the price reaches the 100% initial risk. The low time frame charts are just to choppy for that.
That being said, yes, I accept the 1R loss in that case and wait for a better entry.


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Last Updated on August 27, 2013


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