This is indeed the dilemma with this kind of trading set up - its a real sit on hands situation!
But this kind of approach is built on a statistical model that anticipates, accommodates and accounts for losses within its overall structure, and so this trade is not in any way a “failure”, it is routine - besides, is it not still live?
It is also mentionable that your choice of stop level here again appears extremely accurate. It has so far avoided being accidently randomly hit by being too close and yet has also survived the downdraft in the wake of the Euro down move (which also seems to indicate GBP’s underlying optimism pending some kind of good news factor).
I guess this is a somewhat unusual situation where the trade is stuck in a rangy area for some days, but it occured to me, do you actually have any kind of time factor in your method? I note that you close any unfilled orders on Thursdays, but do you have any kind of time-based or performance-based exit criteria?
For example, failure to make a new high towards target by midweek, etc or raise stop to B/E when price reaches 0.5 of target? These are just illustrations of what I mean, certainly not suggestions!!
The dilemma here is that the method itself is specifically designed to bypass the personal discretionary element and yet, occasionally, the discretion is so “obvious” that it is almost impossible not to interfere - but by doing so, the entire statistical basis of the method collapses.
But this is just one trade……