My advice is not to use the advance function for the time being until you figure out money management that suits you.
Demo money management until it gives you more profit than losses. It is good that you are winning more times than you lose. So it is only money management that you need to work out.
Hint:
Most trades that go your way don't draw down much. Losing trade normally go all the way pass stop loss and beyond. I am referring to just M5 TF. That is the TF I trade also. I normally don't give much pips for breathing space. But that is my style for M5. I just accept the bad trade and wait for the next.
Demo money management until it gives you more profit than losses. It is good that you are winning more times than you lose. So it is only money management that you need to work out.
Hint:
Most trades that go your way don't draw down much. Losing trade normally go all the way pass stop loss and beyond. I am referring to just M5 TF. That is the TF I trade also. I normally don't give much pips for breathing space. But that is my style for M5. I just accept the bad trade and wait for the next.
DislikedAnyone have any advice on how to take profit and handle losses on M5 using CaveManager?
Unfortunately I think this needs refinement, although I win a lot more then I lose, I lose a lot more when I do then what I usually take in profit when I win.Ignored