Yes, that is correct and since that time I have found that after a buy/sell signal the trade goes 4 points without first filling, I do not take the trade when it retraces. It appears that upon retrace, more often then not, it blows right through the trigger and continues on and on.
razor99,
Thanks for some great data. I have found if the trade is 5 points in either direction and retraces to entry signal I do not take the trade. It seems to continue in that direction and hit my stops, which are the same as yours.
Work Together!!!!
Why don't those of use who bought the system work together and share some ideas to make this work better.
For example, I find the 5 point stop to much and thus have been testing other methods and also playing with the 3 bar 10 minute method which is much more conservative.
I...