Quote:
Originally Posted by fxster
Hi James,
Firstly, thanks for your daily updates effort. Really appreciate it.
SL/TP ratio
I've been using the 2:1 ratio for SL:TP for past 2 weeks, seems ok, where i've gain most of it.
Then last week, I was shorting the Eur/USD last week with the same ratio. The price touches my SL price at its peak, then drop way down. What a luck.
Any advise? or any way i can improve on it?
NFA rules
Pursuant to the new no hedging rule by NFA, will we still be able to put in a pending orders, such as buy stop and sell stop?
Cheers,
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About TP and SL, you can change it depend on your risk management, usually I'm using 5% risk, means if you have $10k equity and your Risk is 5%, then you can use 0.5 lot with SL: 100 pips , but don't use an SL too tight, okay..
about NFA rule, yes, I'm still able to use a pending order
James
GS