Stop/limit collar testing

Hi everyone,

I’m interested in using a static stop and limit, and was wondering if it would be possible to test such a strategy for random entries.

For example, would it be possible to test the success rate of a 44 pip stop and 33 pip limit, given totally random entries. If there is a way to determine such a systems efficiency, would there also be a way to optimise the collar accounting for the volatility of each particular pair.

Thanks a lot,
Modo.