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[QUOTE="TradeChaser, post: 211393, member: 66787"] Are you referring to the retrace that follows a PSAR break? Like when you alluded to waiting for a fractal after the break of PSAR. Not sure how extreme you are meaning when you say wobble. I have to cheat here by looking at your image because I honestly don't know, but these are really good questions. Based on what I can see from your sell stop, it looks like there were possibly 6 sell limits and 1 market. I know you said you like twice as many limit orders as stop orders, and it looks like a 30pip spread from your first activated order to the last limit order. 2:1 limit to stop ratio means 15 pips of sell stops covering a total grid range of about 45 pips across about 10 orders. That makes spacing about 4 pips. Which is about where the M15 ATR(14) was when I assume these were activated. What is more, the H4 ATR (14) is about 40; and the H4 ATR(50) is 44 (both pretty close to the overall grid spread). So my answer is one of two possibilities, but I would like you to correct me if you would: [LIST=1] [*][B][B]The number of trades would be to cover 1 ATR of the 4H candle [/B][/B] [*][B][B]perhaps always 10 trades, twice as many limits as stops, and the spacing is equal to the current M15 ATR?[/B][/B] [/LIST] More cheating. It looks like your order 133197635 (0.13 lots) has a profit target of 4x the trade spacing. I assume 133197633 is similar and I feel confident that 133197632 is the same. If spacing is about 4 to 5 pips, that would make profit be 20 pips - about half of what H4 ATR was. I know in the past you've mentioned not having profit targets less then 20 pips because it isn't worth it, so I am not sure if it is just your set profit or it does have to do with ATR. What throws me is that you don't have a PT for order 133197644 (0.15 lots) unless it is overlapping another order. I also don't understand the order in which you scaled the grid, unless you have an existing 0.10 sized trade that would violate fifo. I am sure you have a reason, but it does throw me. I assume the trade at 1.0153 was also a H4 entry of larger size, and this grid is to catch that [B][I]wobble [/I][/B]you alluded to. This is the most intriguing question of all. I feel silly, but the only thing that comes to mind is simply having a stop lost 10x larger than the PT. If not this, then perhaps something more to do with confluence with other indicators or timeframes, but I don't think that is what you are after. [B]I probably said more than you cared to read![/B] [/QUOTE]
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