nah it's going to vary - it's not a hard set number, I think the
initial stop is below a PSAR or ATR, which will vary in price
the breakout system is the one system that uses a stop initially
out of the mean reversion systems, the mean reversion systems do
not use a stop at first, until you get a mean reversion
bounce.
and I guess technically the breakout is not really a mean
reversion system, I just have it with that mix. The breakout system
has a ton of logic to it, one of the main things it uses for entry
is the ADX with +DMI and -DMI - it looks for +DMI and ADX
expansion
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Question, what is the suggested
ES breakout system working out so far
Posted by piclez on 15th of May 2024 at 10:51 am
Question, what is the suggested stop for those breakout trades or other ES system trades? Thanks.
the stop is listed right
Posted by matt on 15th of May 2024 at 10:52 am
the stop is listed right in my post man
At the entry, before the
Posted by piclez on 15th of May 2024 at 10:54 am
At the entry, before the move the stop was what, 50 points, 100 points?
that was also discussed before,
Posted by matt on 15th of May 2024 at 10:58 am
that was also discussed before, was 5182, entry was around 5245
Thanks Matt! I missed that
Posted by piclez on 15th of May 2024 at 11:01 am
Thanks Matt! I missed that discussion then. So can I say the breakout trades should have around 60 points stop when I take those.
nah it's going to vary
Posted by matt on 15th of May 2024 at 11:04 am
nah it's going to vary - it's not a hard set number, I think the initial stop is below a PSAR or ATR, which will vary in price
the breakout system is the one system that uses a stop initially out of the mean reversion systems, the mean reversion systems do not use a stop at first, until you get a mean reversion bounce.
and I guess technically the breakout is not really a mean reversion system, I just have it with that mix. The breakout system has a ton of logic to it, one of the main things it uses for entry is the ADX with +DMI and -DMI - it looks for +DMI and ADX expansion