Hi Traders,
In this episode, we look at a take profit function that will close out positions when the price has moved a certain percentage from the Moving Average.
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In Episode 382, we refine the Pin Bar Reversal Trap strategy with engulfing candle confirmation and introduce dynamic stop-loss logic. Watch the evolution and see the test results inside Trade View X.
In Episode 381 of Trading Talk, we build a time-based session box to catch false breakouts, a key step in automating reversal entries for the Pin Trap Strategy.
In Episode 380 of Trading Talk, we begin building a base foundation algo to prepare for a client-suggested Asian session pin bar trap model. Ideal for reversal traders using 15-min charts.
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Risk Warning: Trading leveraged products carries significant risks and is not suitable for all investors. Please ensure that you fully understand the risks involved before entering into any trades. You could lose substantially more than your initial deposit. Any information on this website is general in nature and does not take into account your financial situation, objectives or your needs. Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record. Simulated results DO NOT represent actual trading. Also, since trades have not been executed the results may have under-or-over compensated for impact, if any, of certain market factors, such as lack of liquidity. Simulated Trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or loss similar to those shown.
