I have been trading this strategy for some time now, a few weeks, and i am getting around 50% wins/losses, which i'm learning to deal with. Obviously though to take advantage of this low figure, i need to implement a good risk to reward ratio. How would you suggest i do it for this strategy?
As pictured i'm trading divergence, and the signal i get for my trade is when the stochastic makes a cross from overbought or oversold. I'm trading on the H4 charts and i have tried placing a stop at the end of the signal candle but a lot of the time it seems a bit short and i get stopped out. How would you optimize this strategy for Risk to reward? any feedback would be helpful.
Thanks
As pictured i'm trading divergence, and the signal i get for my trade is when the stochastic makes a cross from overbought or oversold. I'm trading on the H4 charts and i have tried placing a stop at the end of the signal candle but a lot of the time it seems a bit short and i get stopped out. How would you optimize this strategy for Risk to reward? any feedback would be helpful.
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Thanks