Topic: Chandelier Exit
hello guys, i wanna share what i do in trading activity..
i use price action with candlestick power signal, as we know, candlestick power identification from the body..
im use the trend following system, and wait for the wave (correction) with candlestick power going weak (the candlestick body is small and against the trend)
my entry rules just price action and trend following.
im really focus in exit, good entry will get bad resulit if our exit is worse.
my exit is based on chandelier exit formula..
im use 20 ATR (average true Range) x 3.. and the result pips become a stop loss from high price (for uptrend) anda stop loss from low price (for down trend)
when my entry is right, and become a trend, this stop loss become trailing depend on chandelier exit formula.
i still use this exit formula, because when the trend is come, this exit can optimize our profit.