Where is the TerraLine stop and target?
Quick answerDaily: the entry is the signal close, the stop 3 ATR under it, the target twice the risk above. 4-hour Break BUYs: the target is the most recent swing high above and the stop the most recent swing low under, counted on a 4-hour close.
The details
- Daily: set both as orders; out at whichever price touches first.
- 4-hour: a sell limit at the target; out on a 4-hour candle that closes under the stop.
Why the daily uses the ATR trade: aiming at the nearest swing levels (often only cents away) made about half as much a trade, in training and held-out years. The levels are listed on each card for your own look.
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