Just to add to my thoughts regarding P/L controle for Exit.
Guys, we all know that money management is the key. Many trader try to limit risk with SL and TP Levels. And then invented addional things like hidden SL levels etc to avoid SL fishing etc. Every trader just need one think to know.. What i am ready to risk and what profit i accept for my risk.
These two figures are only relevant. By setting Trailing stops you never know what you will get at the end of day.
Even if you place the comfortable. Many signals need to take their time. As I said markets are much more volatile. The ranges are much wider then in the past.
With trailing stops you often kill the potential profit expectation. Sending too many SL adjustments also cause problems. Invalid stops errors etc.
I was former Head of FX Sales at SVS Securities, a small London FX Broker. Believe me, a trader who puts so many requests to server would have been on our radard. And not in a positive way.
Guys, we all know that money management is the key. Many trader try to limit risk with SL and TP Levels. And then invented addional things like hidden SL levels etc to avoid SL fishing etc. Every trader just need one think to know.. What i am ready to risk and what profit i accept for my risk.
These two figures are only relevant. By setting Trailing stops you never know what you will get at the end of day.
Even if you place the comfortable. Many signals need to take their time. As I said markets are much more volatile. The ranges are much wider then in the past.
With trailing stops you often kill the potential profit expectation. Sending too many SL adjustments also cause problems. Invalid stops errors etc.
I was former Head of FX Sales at SVS Securities, a small London FX Broker. Believe me, a trader who puts so many requests to server would have been on our radard. And not in a positive way.