Dislikedscoob's recommended multiples for lot sizes and tp's result in figures far lower than those set by the KG robot. That has survived unscathed and well into profit for a considerable time, so I am inclined to trust the judgement of someone who would trade far more conservatively.
Yes, from time to time a basket will go bad. So long as it does not threaten the account, we can afford to sit it out, or decide when to close it in order to start making profits again.
Well spoken, boss - we shall allow you a few more wrong direction trades...
Personally I appreciate short basket duration, and I hear Scooby when he says >= Breakeven is the goal for us lowly retailers.
I guess time will bring more information on the necessity of closing a basket now and then.
For raising TP - would it be an idea to try a trailing equity stop loss, or would that forfeit the quick and fast TP?
Thx for all your work and thoughts, Steve.