When I trade on 5 minutes, I am looking for perfect entries and I usually risk around 13 pips, spread icluded. My target is about 15/20 pips, depends on the safety of the trend and supports/resistances. But I can adapt my SL according to the target. When you are on a safe trend you can put your stop at 13 pips spread included, it is generally enough. But dont be greedy especially at the begining. Take your 20 pips you will be happy. Scalping is about speed : you grab pips and you enter again if you can.
well, my last trade for the day for +10 more pips...
I reached my +30 pips daily target with no losing one out of 6 trades. One thing that I knew there were news at 2PM (GMT), but forgot the crude oil news at 2:30PM. Luckily the news favored my side and I got my 10 pips quickly.
and again that requotation thing delayed my entry once more. I need to solve it that when the price moves quickly MT4 keeps asking me do you accept this price, and even I click Yes, it again asks me that the price changed do you accept this?
hmaoui, I'd like to ask...Ignored