Ok starting this thread alongside my other thread as I am interested in testing out the profitability of scalping GDP/USD. Today, despite being in a nice profit for EUR/USD, and am a bit bored to be honest in the lack of price movement! The spread for GDP/USD is usually a bit higher, at 3 pips, rather than 2 for EUR/USD, however there seems to be more price fluctuation.
I will use the same strategy, 2 lots, Target Profit of +10 on 1st lot (i.e 13 pips away from starting sell price to accomodate spread), with Stop/Loss at -15 (i/e 12 pips from starting sell price to accomodate spread).
I will use the same strategy, 2 lots, Target Profit of +10 on 1st lot (i.e 13 pips away from starting sell price to accomodate spread), with Stop/Loss at -15 (i/e 12 pips from starting sell price to accomodate spread).