I use a 15 pip default stop loss. It gets hit about 1/3th of the time. The remaining third goes on to produce profit in the 50 pip range, more if i cascade. It works, but you needto stare at the PA to see when it's starting to bubble and when to freeze. Uncomfortable way of trading, but that's the only one I've gotten to work during thse summer holidays.
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How to opt out annoying user signatures ??
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Mohan