jackboton wrote: Thu Jun 19, 2025 11:59 pm
Previously, I had been following Xu65m's method of placing the stop loss below bigdots after the entry signal was confirmed. However, this setup often resulted in stop losses being triggered. If placed below the arrows, the stop loss would sometimes be too large in certain situations.
If there are bullish levels below, you can put the SL below the level for a buy. Less defensive than the Arrow but still better than any ATR/ fixed SL.
Another option is, use the AVWAP as SL, only if the signal (big/Minidot is already above the AVWAP) !