Disliked{quote} I think it all depends on the targets as well. With the information that on cable we are looking for a intraday breakout catching 15, 20, 30 pips ... can we say any sl less than 18 pips is doomed? But let us say we want to target 70,80, a 100 pips on cable. Is the 18 pips doomed now? In most cases, it seems. But maybe someone is so precise and can only use the best setups. I am not saying I can do it. But it all depends on your objectives. Then also on the volatility of the market. I have tested fixed stops in recent years, and guess what?...Ignored
And if instead of a SL, you just use the hedging? And search for a BE next trade? With a 40% winners you're still profitable