Quote:
and another lil question:
when im trading in the 1m chat.. how should i set my TP and my SL to get profitable?
right now im using in 5 pips TP and 7-10 pips to SL
but i think that im doing something wrong cus...
Not trying to be funny here, but it is not your TP/SL which is going to make you profitable, it is your ability to read and understand the charts.
As a starting point you can try this:
Use the SL shown by the software (300% ATR) - it has been well thought out and tested to death ....
If you are trading against the trend - trading towards the Coral take profit at half SL - Risk/Reward 2:1
If you trading with the trend - trading away from the Coral take profit at SL - Risk/Reward 1:1
There are many other possibilities, experience will help you find what is good for you personally.
and another lil question:
when im trading in the 1m chat.. how should i set my TP and my SL to get profitable?
right now im using in 5 pips TP and 7-10 pips to SL
but i think that im doing something wrong cus...
Dislikedok i will
but can u answer me on this question? i really need an answer on this one and i think that here is the place..Ignored
As a starting point you can try this:
Use the SL shown by the software (300% ATR) - it has been well thought out and tested to death ....
If you are trading against the trend - trading towards the Coral take profit at half SL - Risk/Reward 2:1
If you trading with the trend - trading away from the Coral take profit at SL - Risk/Reward 1:1
There are many other possibilities, experience will help you find what is good for you personally.