Dislikedit seems like you always move your sl to 10 pips after price goes against you why don't you put it at 10pips in the first place?Ignored
My reason for the initial 20 hard stop is to try and avoid any nasty pops in price around a very volatile time in the market. Sometimes it's not enough I know, but as I mentioned earlier the big pops tend to be news fed so we should have some warning..... due diligence.
It's a trade off, excuse the pun, between what I can afford to risk and what I consider a pop free distance. I hope these sort of vague ideas can be optimised with more data.
BTW... if anybody knows of a good MT4 Money management EA please let me know I've been looking but nothing has been found as yet.