DislikedFine. But tell me this, are you not still limiting your trade potential by using a timed stop? ie. since you decided not to use a profit target like a given pip amount to increase profit potential what is the difference if you use an end of day stop (the price could still keep on going in your direction!).Ignored
The main reason i choose the timed exits is because I like to let the trade run without the need to be guessing on where the right exit should be. I see it not on the being right but on taking what the market gives me at that particular time.