DislikedDon't use SL ...Ignored
SL is a hard topic. When I was evolving my system I considered it absolutely impossible to live without SL. But since I started live trading, I am moving SL further and further. I started at 0,6% and finished at 3%. And while I was able to survive 3% run on my equity I reaped the biggest profit so far. So it is a hard question. Dunno the answer. Right now I set SL to 0,6%, but am willing to move it far far away up to 4%, in the case when I am confident about the trend. Right now, I am willing to risk 2% if the price shoots up to 3689.
I consider stochastic a great indicator, but still, I aint tech trader, so I dont feel competent to talk about it. PT is a good one, Goofer as well and PK as well. They may be willing to talk more about that topic and give some clues.
"I know one thing, that I know nothing." Sokrates