That said, risking 3% on each trade is pretty high.
Also, 30 pips for a stop loss is really tight.
On average, EUR/USD moves between 15-20 pips in an hour, so you don’t leave much room for error for market noise.
You have to be really accurate in your entires just to avoid being whipsawed out.
Unless you have really short holding times, there’s a high probability you’ll get chopped up a lot.
And if you are holding such short trades, this means you’re limited to intraday trading, which is a deadly arena for retail traders since you’ll be battling it out with algos, some created by really smart folks with vast resources.
Lastly, you don’t mention anything about profit targets, so we don’t have any idea regarding your Reward-to-Risk (RRR) profile or R-Multiple.
Knowing your risk limit per trade is incomplete. You should know what you’re trying to gain, and if the risk you’re willing to take is worth it.
