DislikedSo far this week on the MT trades I have had twelve losers two winners and one break even. Down 225 pips presently. Hope its just one of those weeks that as LG pointed out we need to look at a longer term results. Thats what demo is all about. At least I don't feel in this alone....
How is everyone else doing this week on MT?
May be too early for me to start moving my SL back. Think I will stick with it for a month anyhow and check the results then as to what would have worked with say a 50 or 100 pip SL.
Observation on 30 pip stop loss - i am looking at my trades that get stopped out on 30 pip SL and then working out by the end of that daily candle how many more pips on the SL would have been required to stay in the trade. I am going to log this for each stopped out trade and build up a picture on the currency pairs over time to see if I can gauge a more effective SL per pair