Disliked{quote} that's interesting, is that based on actual quantative data or is it just gut feeling?Ignored
Money management (includes stops and good RRR) is really the key to making steady profits.
I'm a bit more extreme than TEB63 -- my SL and TP are fixed (10 and 25 on 15m, 25 and 50 on 1h). Say, I don't enter if I need more than 10 pips for SL, or when i really want to enter, I set a limit order 10 pips from the SL line I would have. Believe or not, this works pretty good for me.
As for tools, the less, the better, no doubt . The difference between TEB63 and I is, I don't enter all the signs I get.