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Old 11-01-2007, 01:13 PM
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Re: Chimp`s Universal Stop System

Hi Walter and Soultrader.

Walter, the method you use to place the S/L is very logical and simple. I guess the few pips above/under the pivot that you use to place the S/L are 1 or 2 pips more than the spred cost, is it not thus?

It is to say, for example, if the argument is to entry with an up trade and the pivot mark is of 1.2000 and the spread of the pair is of 2 pips, then, you sum 1 or 2 pips to the pivot, in order to prevent a double or triple bottom, then the S/L would be in 1.1997 or 1.9996. Or at least, following your method I would do on this way.

The comments of Soultrader are very interesting, thanks for those inputs.

Greetings.

cattus

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