DislikedJust don't over-leverage your account and remember its a turtle race.Ignored
That is i adjust the VOLUME of the trade so that the pips of the stop loss multiplied by the pair value per pip is equal to my risked amount. In that process, i can have a leverage of 10, 100 or 1000 that doesn't change anything at all. If i change my stop loss it is always in favor of reducing it, never increasing it.
I found it really easier, safer (i never think about margin problems) and i can manage the same risked amount with different box sizes. I have no more correlation between the strategy and the pips (i risk 2% of my capital on 4 pairs). I am only aware of the percent of success of the strategy (information given by SSBO indicator). This gives a more statistical lookout.
You have all explanations on babypips.com (a very very good and free forex school website): every basics are there ! use and abuse !
Good luck to everyone.