maintain your discipline. The Stop Loss is fixed in max level of the «free candle». A long-term trader would typically look at the end of day charts. A «bearish» candle with large body and short «shade» means that the market supply is stronger than demand. To shut down an indicator, one has to remove it from the chart. The Donchian channel parameters can be tweaked as you see fit, but for this example we will look at a 20-day breakout.
When it comes to clarifying what the best and most profitable Forex trading strategy is, there really is no single answer. Stop Loss will be set above the High confirmation signal. It is inside and around this zone that the best positions for the trend trading strategy can be found. No Deposit Required, automatically Credited To Your Account, no Hidden Terms. Download Forex Traditional Itrend Line Indicator.
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