DislikedEh, eh...nice question! It's not so simple to explain how I use my SL...usually looking at the market I try to understand if it is a wrong trade or I only need some patience. Espacially with GJ sometimes I had also a 400 pips drawdown, but then it came back to TP...!
F.e. if a market acts as GBPUSD in these days (stalling on monthly R3) usually I move SL not to close my position. Other times if it goes on in the "wrong direction" I close my position at SL.
This is the less mechanical part of my system, and for this reason I never built an EA...Ignored