MoneyTec Traders Community Forum - View Single Post - Optimal Stop-Loss and Take-Profit Levels

wozdan · 01-11-2004, 12:51

Hi,

Dacoffey, I think you have overlooked an important issue. Moves are of diffrent magnitude (in pips) on diffrent pairs, becasue the absolute levels of exchange rates are diffrent (EURUSD is 1.2 and GBPUSD is 1.8). If you measure TP and SL in pips you have to have specific rules for each pair.

I have a simple 4h/1h support/ressistance system that I tested live (one eurusd and usdchf) for some time with diffrent TP and SL levels and the best results where on the

EURUSD: tp 50, sl 35 (coincidence?

USDCHF: to 100, sl 50

Sometimes my system makes me leave 100 pips on the table, but overal the gratest profitability is when tp is 50

cheers and good luck

01-11-2004, 12:51	#20
wozdan level 3 Join Date: Apr 2004 Posts: 119 Downloads: 12 Uploads: 0 Rep Power: 0	diffrent pairs - diffrent sl tp levels Hi, Dacoffey, I think you have overlooked an important issue. Moves are of diffrent magnitude (in pips) on diffrent pairs, becasue the absolute levels of exchange rates are diffrent (EURUSD is 1.2 and GBPUSD is 1.8). If you measure TP and SL in pips you have to have specific rules for each pair. I have a simple 4h/1h support/ressistance system that I tested live (one eurusd and usdchf) for some time with diffrent TP and SL levels and the best results where on the EURUSD: tp 50, sl 35 (coincidence? USDCHF: to 100, sl 50 Sometimes my system makes me leave 100 pips on the table, but overal the gratest profitability is when tp is 50 cheers and good luck