When do I get in and out of a Green Light trade?
Quick answerIn at the close of the candle the light turns green; out at the close of the first candle that is no longer green (the WAIT). A 1 ATR stop and a 2 ATR target close it sooner if price gets there first.
The details
- In: the close of the candle the light turns green.
- Out: the close of the first WAIT candle, or the stop (1 ATR under the entry) or the target (2 ATRs above) if touched first.
The script draws no trade, so we tested several and use the one that held up best. Most calls end within a candle or two, "Closed: the light went out".
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