DislikedIve been using similar MM for the last week or so. Ive been having trouble making the big trades stick so i thought id start small and go from there. I know this is going to make people jump up and down and scream at me but ill say it anyway.
Hard SL 30
Hard TP 10 (with the exception of a few where PA was fast moving)
Live account risking 3% to make 1%, crazy i know buts its worked so far.
Much better than risking 3% and getting out at BE everytime when TDI goes flat.
2 trades didnt work out because i broke the entry rules, still managed to...Ignored
I have done a few trades and found that if the entry is correct and you are not forcing it....as in looking for soemthing that isnt there....the trade runs into profit pretty quickly (I have only traded the 1 hourly charts) and to be honest the largest drawdown was around 9 pips. Not suggesting this will be permanent but I am with you in regards to having a need for fixed SL and TP. If we can reverse your RR we would be laughing. 1:3..perfect
But we will have to work on it becasue it seems the average amount of pips I get to is around 30ish and then quite often it will stall, or come back on me....and yes sometimes continue into the cash....but I would rather get a consistent say 25 pips and have a 15 SL. It may sound ridiculous but it has a lot to do with trade selection....Get the entry spot on and your drawdown is often zero for the first 20 pips. So if I could get it right 8 out of ten times....I couldnt care less if I get stopped out the other two even if it is from a quick spike.
Still a heap of testing to do though but keep me in mind with your results. I will do the same