DislikedI am working with several systems in my trading techniques. I typically will enter a position that I feel will go for 25 pips minimum gain. In the past 2 weeks I have made 17 trades that have all went for 25 or more pips, only 1 trade ended in a loss (I made an exit too early). If I had stayed in every position for the 25 pips desired I would have made 425 pip gain. I pulled the plug on a few trades early, and only ended up with 293 pips in 2 weeks. I am going to start this week trading 1 lot at each entry, then add 1 more lot if the price goes against me more than 15 pips. I then will have 1 lot making 25 pips, and 1 lot making 40 pips with a total of 65 pips per trade. This is an experiment I am trying, but I am using real money. Hope that helps you.
Actually, I am just trying to understand why 25 pips TP. Thank you