DislikedOK. I don't know how you came up with that but what I am saying is this: If my SL is 100 pips, then my TP will be 150 pips. I prefer to re-enter later when I get a divergence in MACD.
This way, I will have my balance increasing and also my equity.Ignored
Any trade system relies on a ratio of winning and losing trades. It is only profitable when the winners make more profit than the losers take away. When you reduce the profits of your winners, for instance with a profit target, you tilt that ratio towards losing and make the whole system unprofitable. As you can easily see when you do a backtest - just look at the equity curve.
This is not to say that a TP is always bad. It's only bad for most systems. Such as for this.