DislikedYou can`t generalize the SL..... As the `trend`is a 100% subjective topic. Plus what if a person is scalping using a sl of 5 pips, instead that of a trend trader who can use sl of 200 pips or even higher.Ignored
This typically lends itself to the system being traded...adding in both a range for stop loss and one for taking profit. HARD STOPS!
Most of the Martingale systems you see, have only one hard stop, and that is when the account is empty....
A lot of the manual and automated systems have an idea of where to take profit and when to cut losses, but in a lot of cases, it is by way of hard stops.
Both of these are finger crossed guesses.
On Martins, you cross your fingers hoping not to blow up.
On others, you hope that your profit gets hit before your loss does.
These need and can be adjusted by the timeframe they are played, but will still always inevitably be, a GUESS!!!
Think about it...
You guess with your position, you guess with a target, you guess with an acceptable loss factor...
Does this really seem like reasonable methodology???
How many times have you been relatively sure about a position, taken it, only to be tripped out on loss, just as market turns??
How many times have you held a position, in profit, and missed a profit by fractions of the play, only to see green turn to red???
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