Hello,
I have a question that has not been asked before that is geared towards 100PipsADay. Would be thankful if you could answer. How do you come up with your stoploss and take profit? In other words if I am testing a new currrency using this strategy, what is the best way to esitmate a good SL and TP? It seems like use use trail and error on demo accounts, and keep trying till you find a good match. I guess the question is where do you start with, at using a TP and SL? Do you use a calculation from ATR? Do you find the daily volatility for the last couple days as a SL? Just curious. Thank you.
I have a question that has not been asked before that is geared towards 100PipsADay. Would be thankful if you could answer. How do you come up with your stoploss and take profit? In other words if I am testing a new currrency using this strategy, what is the best way to esitmate a good SL and TP? It seems like use use trail and error on demo accounts, and keep trying till you find a good match. I guess the question is where do you start with, at using a TP and SL? Do you use a calculation from ATR? Do you find the daily volatility for the last couple days as a SL? Just curious. Thank you.