300pips Stop Lose targeting 20pips or less and make 300 to 600pips a week
- Thread starter netcoil
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So, you set a stop-loss to 300 pips and take-profit to 20 pips? How many positions did you close in a week and how many of them were profitable?
All positions were profitable and i think i did over 20trades last week depending on how the market is.... sometimes i set my SL to 500pips... but u got to have a decent account to withstand some falls, and get out when u truly believe the bias has totally changed..
I Dont Use indicators and I dont believe in them ...... thats me anyway....
I Dont Use indicators and I dont believe in them ...... thats me anyway....
OK. The problem with this strategy is that eventually you've start hitting stop-losses and that will wipe out a good part of the profits.
honestly speaking ,there is no problem with the strategy, i cut my loses when i know the bias is against me. if it comes to that, the worst case scenario is to loose 10% of my account, before then, ive probably made far more than that, that happens rare.
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