Did I miss the section in this thread where you guys talk about the spread? If you buy at 1.3000 with a TP at 1.3040 and SL at 1.2990, when price goes down to 1.2990, depending on if you use the bid or the ask, the buy order will close at 1.2990 and the sell order will trigger at 1.2988, or the sell order will trigger at 1.2990 at which point the buy order will terminate at 1.2992. The problem there is if price goes back up, it's going up on a sell order, but price never even touched 1.2990 so you should not even be short right now.
I don't see how you won't lose 2 pips on every "leg" of this system.
(Assuming EURUSD with 2 pips spread)
I don't see how you won't lose 2 pips on every "leg" of this system.
(Assuming EURUSD with 2 pips spread)