Pre-entry
Hey Peakyd, when I’m eyeballing a day trade type of set-up I’d probably aim to use between a 20-50 pip stop-loss and then maybe leave the profit-target open for 24 hours (no fixed target) or even plan to take half the potential profit off at X pips or at a 1hr / 4hr S/R level. #DifferentForEachTrade
Post-exit
can tell a different story of course, some trades just wont perform over a session or two (or three). These non-performing “Dead Duck” type of trades get scrapped / closed out before reaching their pre-planned (pre-entry) S/L or T/P levels. Some trades like this could get closed out for as little as -1 or +1 pips if you catch my drift …
On average
you can get a better answer (or maybe not), over the past 6 months my stats look like this:
Avg win: 30.46 pips
Avg loss: -38.16 pips
Win rate: 64.29%
Don’t quote me but I’d reckon the above stats would represent about an +11% gain on relatively low risk, maybe <1% per trade on avg.
Also, I wouldn’t be too worried about the outcome of having a neg RvR, some trades would have been closed out for greater than 2.1 RvR but when everything gets mixed into the boiling pot, RvR can get melted down … ahhhh help
Best wishes Peakyd!
Andy
Captain Currency-