hello guys
Tomorrow i will begin scalping the 5m frame with fx dragon.It will be untested so i’m thinking of risking 1% of my capital with a combined stop-loss of 36 pips.that is 3 trades with spread a spread of 2 pips for each trade.
The way i’m looking at it should the results be good i could move my risk to 3% per day.So if i risk 10 pips plus 2 pips pip spread and i get a profit of let’s say 30 pips of a single trade i will then have gained 3% increase in a single trade.
So here is my question do you scalp the 5m frame and if it is a commercail system what is it called.