I always enter a trade using a 1:1 risk reward ratio and am wondering at what point during the trade I should increase the ratio. On a couple of occasions I have had a successful trade using 1:1 but had I stayed in the trade I could have exited with 2:1 or 3:1. I want to know if anyone has a rule in their system that says “when x and y are happening move profit line to…etc”.
Any help would be awesome, thanks very much 
For me it depends on whether I will be there to monitor the trade. If I think that I will be around a few times during the run of the trade, then I will set my TP for a clear S/R level, or the last swing, or whatever. This might be at a level that would give a 1:4, 1:5 R:R or so. However, if I look in on the trade and see that price has stalled for whatever reason, and the current profit level is over 1% (I also risk 1% per trade) then I might trail the Stop to lock in that 1%. This has the added benefit that I can then always increase the position size should I get a further setup, without increasing my overall risk on the trade beyond the 1%. Clearly I do not want to trail the Stop too close to risk getting stopped out on a normal wobble in price, and I would never lock in less than 1%, but I find that my eye for this has become more reliable the more that I have done it. Since I looked at this area of my trading (having identified the same issue that you raise in your OP) I have found myself taking a much better R:R on a number of my trades, to the point where I am much calmer about the odd one hitting my original Stop for a 1% loss. Unfortunately it is mostly a feel that I took time to develop.
Ok, I see what you’re doing there. Unfortunately, I can only check my trades in the morning before I go to work and in the evenings when I get in, so Ill just have to stick with the 1:1 for now and be happy with that.
Thanks for the response.