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Mark,
thank you for your answer.
I write what I read in my book:
"this system (its a breakout system) will not trade unless it
determines that there is enough potential. It does this by calculing
the average range for the last 1o days and the average open to close
range for the last 10 days, then dividing the latter calculation by
the former.
If the quotient is < or = 0,5 ...no trade
if the quotient is > 0,5... you can enter the trade
Regards
Reni
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