Some help needed.

jd1888

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Hi all,

I have a trading method that uses bollinger bands as a stop, I need to compansate for the spread as on MT4 there is only bid price candles for the calculations.

Here is an example of what I am talking about:

Bid price 1.5000 Ask price 1.5001

Enter long @ 1.5001.
Stop would be 1 standard devation below say @ 1.4900.

Enter short @ 1.5000.
Stop would be 1 standard devation above say @ 1.5010.

But beacuse the standard devation is caculated from the bid price MA one of these would result in a greater lose than the other, I need to compenaste the spread in so that the lose would be the same. So my question is do I need to compansate my stop for both the bid and ask or just the ask price.

Thanks in advance.
 
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