Quote:
|
Originally Posted by amin1000
SR2,
thanks for your informative respond.
I was wondering, in your current system if one decides to control the losses manually by checking the prices continuesly instead of S/L-T/P (trade and forget), can it be much more profitable? Because in this system the profits are big compared to losses when you keep losses under control.
Thanks
PS.
ImWanted, yes, I think that entry appears to be valid.
|
I think if you can manually monitor you may get a better profit. However monitoring is something I was trying to get away from. Even some of the losing trades could be closed out for good profits. For example I have had trades go to within 10 pips of TP only to reverse and close out at SL. The more time I spend studying the markets the more I think that people need to use their own judgement to a certain extent. I suggest you experiment with the TP as you can definitely get more pips.
SR2