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Old 05-19-2008, 06:00 PM
zoreli zoreli is offline
Newbie
 

Join Date: May 2008
Posts: 33
Default Newbie risk reward ratio question

Hi

I have problem to establish right risk reward ratio and I need some help here.

Here is my problem: I am trying to follow the trend on base on candlestick chart, and I would like to exit after 10 pips. However, if I place 10 pips stop loss, I am loosing more than I am winning.

From the other side, if I keep the position open, there is a chance that market can turn against me, and I will have even more loosing trades. Is 10 pips too little?

For the moment - I am still on demo, but I have to find solution and to build strategy for this in case to become profitable.

Regards, Zoreli
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