DislikedUsing this technique we are identifying precise entry points for our trades. Any significant breach of those levels would in effect nullify the validity of the trades.
I used to use a hard stop of 40 pips. However, different instruments exhibit varying degrees of volatility. I have taken the spread as an arbitary measure of that. So 10 times spread is typically more then enough.
EU - 20-25 pips
GU - 30-40 pips
EY - 35-50 pips
GY - 60-80 pips
UC - 40-50 pipsIgnored
DislikedDo you use SL like wmd? Wmd... do you use this kind of SL or have you improved it?
Sry but I really dont understand relation between spread and SLIgnored