[adamgalas]

Right now I am refining a system that seems to work well, and that up till now has used 25 pip SL and 50 pip TP.

However, with icycloud opeining my eyes to the manual stop loss, I now realize that I need not fear a high Reward/Risk ratio for fear of not locking in profits.

So my question is this. Would changing the reward risk ratio from 2:1 to 3:1 improve overall profitability, when done with the following trailing stop loss methodology?

At 20-29 pips profit change SL to +5, from 30-39 pips +10, over 40 pips, SL is +50% of profit.

In this case I would place 25 SL as standard and TP of 75 pips, and whenever I have time I would check in on the market and ajust profitable trades to lock in profits via the manual trailing stop loss.

I would appreciate feeback on what reward/risk ratio is best when useing 1 day charts.

Please let me know what you use.

Obviously the benefit of the trailing stop is that you can gurantee a profit and thus are free to increase reward/risk ratio and thus, hopfully, maximize a longer term trend.

All replies are appreciated.