If a trade fails (stop loss), re-enter. Even after a T/P, if the price came in to the range, you can retry another time.
If a trade last for more than one day, and is moving in the right direction, it is ok to let it go - just move up the stop loss, above or at the break-even.
Ignored
I have done a test , this stragegy seems works.
but I don't like to reenter after 1st fail, because, I normally close within 1 day, and if reenter, it does not have much time to go to the T/P.
For me Sunday bar is 3 hour, and my T/P is 140 pips, I only +- 5 pip to enter, it works fine also.
