I have been testing previous day H/L breakouts.My questions is about placing my stops. I understand the money management (1% for now) part. The best advice I've heard is depending on your strategy and how much you can tolerate. That doesnt tell me much because 1% risk can allow me 200 pips but that doesnt me it is a good stop. Am I missing something? Is there a book or something deals more specifically on the calculating which is your best exits in accordance with time frame I am trading instead of the entry?
I have seen a few references to using the ATR14 x 2 for a trailing stop.
thanks,
Noe
I have seen a few references to using the ATR14 x 2 for a trailing stop.
thanks,
Noe