Hi pipsters,
I’m recently stepping back into forex after several years because and was hoping I could get some feedback on my implementation of the breakout method I was trained on in 2010.
This is a MT4 Demo account: 1,000 (1:200)
My pending sell on the GPDUSD was successful (H4 image available)
Take profit: 30 pips
Stop loss: 15 pips
My pending sell on the EURUSD was unsuccessful (H4 image available)
The yellow line indicates about where the trade occurred, as it was triggered by market volatility.
Take profit: 30 pips
Stop loss: 15 pips
I was wondering if I should create another sell stop slightly further away to avoid it being activated by market volatility, or if it is a poor place for a breakout to occur.
What do you think of the parameters I am using in general?
If you think it is more appropriate for me to post this in the trading thread, please let me know, though I do not feel qualified to post there.
Thank you for your time and consideration.
