Hi Folks.
I am developing a strategy (kinda anti martingale) but I don't know if it would help me get an edge. I'll explain to you:
My SL will be fixed in 25 pips and my TP will be fixed in 50 pips.
Because I'm a short term trader I've learnt that when you put a very tight SL, the probabilities of being stopped out too many times are high, so it wouldn't help keeping the same lot size...so what I'm planning to do is keep the fixed SL but then decrease the lot size...it will decrease (the value of) winnings but at the same time it will decrease (the value of) losses...
What do you think of this strategy ? Does it really give me any "edge" at all ?
Any comments will be welcome.
Cheers,
MrJinks.
I am developing a strategy (kinda anti martingale) but I don't know if it would help me get an edge. I'll explain to you:
My SL will be fixed in 25 pips and my TP will be fixed in 50 pips.
Because I'm a short term trader I've learnt that when you put a very tight SL, the probabilities of being stopped out too many times are high, so it wouldn't help keeping the same lot size...so what I'm planning to do is keep the fixed SL but then decrease the lot size...it will decrease (the value of) winnings but at the same time it will decrease (the value of) losses...
What do you think of this strategy ? Does it really give me any "edge" at all ?
Any comments will be welcome.
Cheers,
MrJinks.