Stop loss

By definition if you have no TP or SL then you’ll never close a single trade, regardless of these levels being orders or manual closure.

It looks like you’ve accepted a SL and a TP to only be an agreed order pretrade (as I also thought was the case when I first started out in this game many years ago). In reality they can indeed be dynamic and change with the times, the market also changes after all?

So you do use a SL then, regardless of it being an order or a level to close a losing position out. A SL is not always defined as a market order, it’s a level to accept a loss, manual closure or automated (orders, bots, alarms…all the same)?

so let’s scrap the repetitive expression which your filling all your posts with…you do use a SL and a TP, in your case they are dynamic, no magic or FX philosophic waffle going on here :wink:

If it works for you, then great. But, let’s get the terminology correct also.

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