Disliked{quote} I have started experimenting with profit lock on some of my baskets although I will say that I'm still learning how to master it. My other baskets I use a normal TP & SL. The profit lock is something new for me so I don't know if I'm doing it right either lol. Perhaps there are some guys who can give better answers with regards to profit lock.Ignored
but if you see it the other way.. as a means to protect you profit..as to save the basket from going to negative.. then i think its worth saving those pips
lets say profit lock at 50% when reach 200 pips. you will get around 100. you will like u miss out lots of pips.. esp when u reach like 400 and down to 200.
but getting some pips is better than negative i think.. although i would like to be able to squeeze more pips out of it..
i do think somewhere between 50-70% is good.. but its also a double edged sword esp during speech such as Draghi or Yellen. markets tend to spike up and down from before getting back on track..