I'm testing an approach on M5 timeframe with quite good results. I'm using Reward-Risk based on the ATR at 2:1. But because of low ATR pips (due to M5) I sometimes get targets like TP 3 pips, SL 1.5 pips.
Can such an approach be sustainable taking into account that average spreads can be around 2 pips? I think it can be a problem. It won't have much space left for profits after spreads. I don't see the same good results on bigger timeframes that's why I'm interested in M5.
How can I overcome this? Could zero spread trading solve my problem? But I'm afraid still, commissions there per lot would have the same toll/effect on my approach as the spread has.
Any suggestions? Thanks in advance!
Can such an approach be sustainable taking into account that average spreads can be around 2 pips? I think it can be a problem. It won't have much space left for profits after spreads. I don't see the same good results on bigger timeframes that's why I'm interested in M5.
How can I overcome this? Could zero spread trading solve my problem? But I'm afraid still, commissions there per lot would have the same toll/effect on my approach as the spread has.
Any suggestions? Thanks in advance!