Quote:
Originally Posted by TREVPICK001
ok this is were most investors would run a mile
i risk £300= i bet £10 per point which is equivalent to 30 pip stop loss
my strategy is based on breakouts
i place a 5 pip trailing stop and i let it run
the average win trade for the last 6 months 14.2 pips per trade TOTAL WIN 111 DAYS
average loss 30 pips total TOTAL LOSS = 2 DAYS
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Maybe someone else can answer here but I often wonder if the whole R:R thing is valid for breakout trading. Trading a breakout, the trade will almost always go your way for a bit and if you win more than you lose then it pays for itself. I'm not sure I'd trail by 5 pips though...seems much to tight for me. hmm