Where are the MagniZone stop and targets, and why there?

Question

Accepted Answer

The stop is under the lowest low of the signal candle and the five before it, never closer than 1 ATR. The conservative target is half the risk on the daily chart (the full risk on the 4-hour); the aggressive target twice the risk on the daily, three times on the 4-hour. The entry The signal candle's close through the zone. The stop Under the lowest low of the signal candle and the five before it, and never nearer than 1 ATR (the stock's average range). In testing, a stop at the zone's edge was knocked out on most trades, so it sits under the real swing instead. The two targets Daily: the conservative target (TP1) half the risk above the entry, the aggressive target (TP2) twice the risk. 4-hour: the conservative target the full risk above the entry, the aggressive target three times the risk. The risk is the distance from the entry to the stop; each call shows both targets in % of the entry. At the conservative target half comes off and the stop moves to your entry: the rest cannot turn into a loss. The stop under the swing, the near target, the full move above How to trade them: conservative, aggressive or both works the same way on MagniZone. When a call ends: why it closed.