Quoting ra300zDislikedWell since nobody has given me an explanation on what stop losses to use, I just multiply the delta by .618. I realize it's not very scientific, but it still has a great deal of risk. Perhaps a better way to identify a good stoploss is a good support/resistance level on the 4H.Ignored
PS: The stoploss method Mouteki has described is as follows:
If the projected profit (PP) is 90 pips or less, stoploss is 50% of PP
If the projected profit is more than 90 pips, stoploss is 33% of PP
I attach the document Mouteki released regarding stops.
Attached File(s)
Stop Loss Application.doc
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