Disliked{quote} I had two pending orders placed at high/low of the 08:00 Bar. Both with a fixed TP/SL +5 Pips. Price hit the low of that bar first and triggered the short trade but then stopped out at -5. Then i waited for price to retrace back to the high of the bar. This happened at triggered the next buy pending order where i now aimed for +10 (+14 actually to make back the loss + spread and comissions). Again price retraced back hitting the SL first, thats why i ended here with -10 Pips in sum. {image}Ignored
Also, not sure if you're aware, if the bar size is less than 15 pips, the same 15 pip counter/SL rule applies for Billy, just to avoid whip.
I think you mentioned somewhere that we have to win a lot of trades just to breakeven (if aiming for 5 pips but our stops are at 15 pips). Conventional wisdom would say that is true. However, most people here don't stop at 5 pips a day. Take what the market gives. 1, 2, 10, 20, 100 (yes I have seen the Billy bar produce more than 100 pips in a day before). When you throw in compounding (is that a less dirty word for martingale lol), the game swings in your favour.
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