DislikedJust finished a new video about Supply Demand: After CS signal use those zones for SL and TPs. https://youtu.be/OLKRqjaXwDkIgnored
Price never goes in a straight line, it always goes back and forth, it needs room to breathe. Too small SL's will statistically not work in the long run.
Check examples from osjoe2 post 1831
Using fix pips for SL/TP is a very vague method and does not consider TF, Market volatility, pair specific ATR/ADR, spread, the season of markets/day, etc...
The right SL and TP (and trail) can decide if your trade will be a win or loss. About SL TP RR (risk/reward) it is up to the trader. Apply SL and TP to the timeframe and symbol. Try to get the RR better than 1. I gave rules in the thread but you must take the last decision. The original idea was not to teach all basics. Check the thread, I gave many examples. The indicators are used to scan the market and show you what pair and direction to trade. Then the trader opens the chart of the signal. From this point on the trader must read the chart. I advise to use for SL/TP highs and lows, supply/demand zones, for lower TFs yesterday high and low and pivot, read CS trend in higher TF (read higher TF supply/demand), check news time,
Hope it helps.
Regards Bernhard
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