DislikedI've posted on this thread few weeks before, with my own variation of this system, that proved to work very well for my trading style.
I've attached an spreadsheet with my analysis.
So my system follows these rules:
Enter trade with three lots (in my case micro lots)
First TP - 15 pips (move SL to BE)
Secon TP - 45 pips (move SL to + 5 pips)
Third TP - 100 pips
SL - opposite side of channel (not more than 100 pips)
If channel is wider than 100 pips, then SL is 100 pips.
I'm trading Three pairs - GBP/USD, EUR/USD; CHF/USD
The most...Ignored
Thanks for posting your system. May I know what is your initial SL lets say if the price does not even hit the first 15 pips profit target?
Cheers and good luck