Great to see old members back to the thread!
Can anyone help me with my dilemma? I am deeply in backtesting now, so I observed that if you move your stop loss to breakeven it is often hit and the price proceeds to your profit terget, so all you have is 0 or just some pips. On the other hand it protects your account if the price goes against you. So my dilemma is: to move your SL to b/e as soon as possible and be happy with a few pips, or let the trade drive and take either the full profit or the full loss? How do you people do with your trades? Thanks in advance for answers.
Can anyone help me with my dilemma? I am deeply in backtesting now, so I observed that if you move your stop loss to breakeven it is often hit and the price proceeds to your profit terget, so all you have is 0 or just some pips. On the other hand it protects your account if the price goes against you. So my dilemma is: to move your SL to b/e as soon as possible and be happy with a few pips, or let the trade drive and take either the full profit or the full loss? How do you people do with your trades? Thanks in advance for answers.