Does any successful traders here completely disregard the suggested Stop Loss by the ATR reading on the M5 chart. The ATR for me is usually between 25-40 during London session if not higher and I simply can't trade with a SL that high because hoping to grab 40-60 pip profit on M5 is kind of wishful thinking most of the time.
Is there a money management ratio anyone goes by that feels is successful for them that I may consider?
Is there a money management ratio anyone goes by that feels is successful for them that I may consider?