Quote:
Originally Posted by SanMiguel
Oh, I thought you were trailing by 10pips.
So, are you doing 30SL/10TP? In which case, here are the results since March 29th if you're interested (roughly 80:20 wins)
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No, I don't use a trailing stop.
Yes, I enter with a 30-pip SL, and a 10-pip TP.
I haven't taken a loss yet, but I have had the price move against me by about 10 pips on two occasions. When that has happened, I have had my finger on the button, ready to exit if it goes further against me. If and when a loss comes, I expect it will be less than 30 pips, because I just won't let it run that far.
As for your theoretical 80/20 win/loss ratio, I like my actual 100/0 results much better.
Clint