whatfx,
SL for all 4 positions is the same, see post 1.
if you close out the last entry when the next entry is entered, you completely change the system.
you will have a large number of smaller losses and if the profits will make up for that is doubtful.
your stop losses will be smaller only if all 4 entries end up in a loss and from my back testing A/U so far from Jan 1 till June 3rd on the 1H TF that only happened once on the 12th of April.
maybe you could backtest your way and report back?
SL for all 4 positions is the same, see post 1.
if you close out the last entry when the next entry is entered, you completely change the system.
you will have a large number of smaller losses and if the profits will make up for that is doubtful.
your stop losses will be smaller only if all 4 entries end up in a loss and from my back testing A/U so far from Jan 1 till June 3rd on the 1H TF that only happened once on the 12th of April.
maybe you could backtest your way and report back?