Note: Please read the question again because I have added some clarification/modification to minimize the confusion.
Imagine that you have built a 100% mechanical system where you place your entry when a certain event happen. This event could be moving average crossover, price action at S/R, or even surge in sunspot activity...you name it, it just does not matter.
The exit strategy is simple. You just wait until the price hit your TP/SL. That means once your place your entry with predetermined TP/SL, you do nothing other than waiting.
You have tested 3 combination of TP/SL for a thousand trades and you have came up with the following numbers after spending years for live testing:
Set 1: TP = 10, SL = 20, Win% = 59%, Loss% = 41%
Set 2: TP = 20, SL = 20, Win% = 52%, Loss% = 48%
Set 3: TP = 30, SL = 20, Win% = 44%, Loss% = 56%
p/s:
1. The spread is 2 pips and it is not included in TP/SL. So your profit = 8 pips and loss = 22 pips for set 1...
2. Fixed lots for MM.
3. There is no breakeven.
You are now looking at the performance number and obviously your system is not profitable with these TP/SL. So the question arise before you dump the system or test for another set of TP/SL or even modify your entry/exit criteria: Is it possible to turn this system into a profitable one based on the above set of results? If it is not possible, why? If it is possible, how?
Please prove it before you simply say yes or no.
Imagine that you have built a 100% mechanical system where you place your entry when a certain event happen. This event could be moving average crossover, price action at S/R, or even surge in sunspot activity...you name it, it just does not matter.
The exit strategy is simple. You just wait until the price hit your TP/SL. That means once your place your entry with predetermined TP/SL, you do nothing other than waiting.
You have tested 3 combination of TP/SL for a thousand trades and you have came up with the following numbers after spending years for live testing:
Set 1: TP = 10, SL = 20, Win% = 59%, Loss% = 41%
Set 2: TP = 20, SL = 20, Win% = 52%, Loss% = 48%
Set 3: TP = 30, SL = 20, Win% = 44%, Loss% = 56%
p/s:
1. The spread is 2 pips and it is not included in TP/SL. So your profit = 8 pips and loss = 22 pips for set 1...
2. Fixed lots for MM.
3. There is no breakeven.
You are now looking at the performance number and obviously your system is not profitable with these TP/SL. So the question arise before you dump the system or test for another set of TP/SL or even modify your entry/exit criteria: Is it possible to turn this system into a profitable one based on the above set of results? If it is not possible, why? If it is possible, how?
Please prove it before you simply say yes or no.