Initial protective stop (IPS)

August 13th, 2013, 11:20 AM

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?

August 27th, 2013, 08:17 AM

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.

Initial protective stop (IPS)

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Initial protective stop (IPS)