Hello,

I look for risk:reward of 1:5 or better and am looking at various ways to manage trades to limit drawdown but still have a reasonable chance of achieving say 1:10.

For instance, once a trade gets to 1:5, the original risk:reward of 1:10 now becomes 1:1 if stop loss at breakeven. Also with three trades open, each risking 0.5%, this means a possible drawdown of 9% (if stop losses not moved) once the trades are at 1:5 ?

Interested in what other people do or any ideas on this.

Also I assume any loss in unrealised profit is considered a drawdown?

So if account balance is £600 and unrealised profit is £60, then if stop losses are hit at the entry price, this is considered a 10% drawdown?

Thanks.

I look for risk:reward of 1:5 or better and am looking at various ways to manage trades to limit drawdown but still have a reasonable chance of achieving say 1:10.

For instance, once a trade gets to 1:5, the original risk:reward of 1:10 now becomes 1:1 if stop loss at breakeven. Also with three trades open, each risking 0.5%, this means a possible drawdown of 9% (if stop losses not moved) once the trades are at 1:5 ?

Interested in what other people do or any ideas on this.

Also I assume any loss in unrealised profit is considered a drawdown?

So if account balance is £600 and unrealised profit is £60, then if stop losses are hit at the entry price, this is considered a 10% drawdown?

Thanks.