Hey fellas,
I would like to ask something that has made me wondering for days.
So, I am testing a strategy these days that has to do with aiming only 10 pips per trade. However, I’ve noticed that market usually goes negative and then hits my target. So I’ve decided that my SL will be 20 pips. The Risk to Reward is 2:1, and at this point I would like to ask you if this has any point at all trading with this R:R.
I’ve seen multiple articles saying that a good R:R is 1:1.5 or 1:1 but for me this would include more risk that I am not willing to take right now.
Let me see your experience with R:R’s while scalping! Thanks for your time! 