Hi All-
Thanks in advance for reading.
I started thinking risk vs. reward while a trade was currently running. When I get close to my TP, I find myself saying (either I can wait and see if TP hits and get $100, or I can close out now and get $90, and finding that by leaving it open at that point in time, I'm essentially risking $90 to win $10.
Is there an indicator that will adjust SL in real time so that as price moves towards the TP, it will make sure you are never risking more than you want in real time?
Thanks in advance for reading.
I started thinking risk vs. reward while a trade was currently running. When I get close to my TP, I find myself saying (either I can wait and see if TP hits and get $100, or I can close out now and get $90, and finding that by leaving it open at that point in time, I'm essentially risking $90 to win $10.
Is there an indicator that will adjust SL in real time so that as price moves towards the TP, it will make sure you are never risking more than you want in real time?