Posted 2 years ago
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Wow! Well indeed I think you are right. I never thought of it that way.
If an SMS or EWT was activated without sufficient floating profit, then i exit the trade as per the UTP strategy.
But that doesn't change that the market signalled a breakout. However placing a limit order AT the triggered EWT or SMS would trigger the trade immediately.
So, I place my pending order Above the triggered indicators. If the market continues, I am entered into the trade. If not, nothing happens.
This has been my thinking. But will definitely need speak with my Account manager. Thanks for the insight