I like this idea much better than figuring your risk:reward after a trade..
This way we can pre-set our Trading platform for max loss and a first profit target.
Plus if you do Have a loss you only need a 10 pip trade to make it up instead of maybe 3... So money management will be easier..
This is a perfect idea for me personally as I have had trouble with stops... But with some input from others on Babypips I came to realize it was mainlly when I got a large loss going that I didn't want to close it.
But with a set 9 or 10 pip stoploss. This will work in my favor,and keep from getting more than 10 pips in wrong direction (maybe 12 or so with slippage)
I can live with that.
Again this is great.. Thanks Tymen, Look forward to more... Yippeee Ken
