DislikedHi rac,
About risking 1% capital on each trade, I think it's a bit too much consider we can have long period with no win (ie from Aug 4 2010 to Oct 1 2010 = 41 trading day without big winner). It's more about <0,5% if you don't when to have a deep Drawdown.
About the stop loss, I saw it's 2 pips + spread but maybe I'm wrong..
I agree about the other points you highlighted, thx very much for your contribution.Ignored
Thanks of noticing that I didn't write it a clear way, what I meant is that when people are new to this strategy, trading live with Oanda is my recomendation, but with a very small risk, 1% opening position, for a total risk of 0.0075% of your account when stopped out.
As far as the SL, I use 2SL maximum loss (1.1 + 0.9) for a risk of 0.75% of the opening position.
Hope this helps.