Disliked{quote} Your TP 20 pips is fine BUT SL 20??? There should NOT be ANY SL if you are taking weekly trade. Thats my opinion and I am sticking with it. Sl is taken away by brokers, they are looking at gullible people.Ignored
I see two options to combat this:
1) Trade without a S/L, but use a very conservative lot size.
2) Trade with a S/L, allowing use of a more aggressive lot size.
I'm with you in spirit: Screw having a stop loss! But as soon as you have one bad week, things can turn on you! If you use a teeny tiny lot size, it's fine. But can we make any gains with such a small lot size? It's worth thinking about!
I am NOT an expert. I post to learn from others.