DislikedHello Seller9,
first of all thank you for your work, and special thanks for MissPips for fast replying and helping
i got alert about sell in M15 with your EA, but my SL is trigged
- what i did wrong ?
- there is any default TP / SL for Alert ?Ignored
2) SL is a matter of preference, I sometimes use the highest high of the last 5 bars if going short, others use a fixed 10 or 20 pips, its a gut feeling sometimes. Could also depend on where overhead resistance is located, round numbers etc.
3) TP, Look for your next support when going short. If you are just scalping on the short time frames play it safe and take 5 - 10 pips profit and get out.
You need to look at the big picture and not just go with an alert. The alerts are there just to get you to take a look, the rest is up to you to decide on what to do. If the alerts worked everytime I would have made it into anEA and have been rich by now. But you must make the final decission as what to do.
Good Luck