DislikedIf you're batting at 40% while maintaining 5:1 RR then you're massively ahead of where I'm currently at. Something for me to work toward.Ignored
Not quite up to 40%. It's a side account. It will be bigger than the main one in a few years though, if I can maintain it... WHICH I CAN!
I'm thinking about modifying the profit rules slightly by locking the trailing stop at +4% when the 5% target is hit. Sometimes the breakout goes for more than 25 pips. 7-10% is at times what the potential would have been if I had not closed the trade. This seems potentially more profitable while essentially only risking 1% of profit to make that extra 2-5% on the trade, what do you think?
This strategy is scalping EU with 5 pip stop (4 pips + 1 spread), 25 pip target. Requires a breakout with a wide gap to the nearest resistance (at least 25 pips away).
Be hopeful in a winning position, and fearful in a losing position.