Disliked{quote} Hello @Inthebox i use your method recently and i achieved to 70 to 75 percent winrate till now (This is the second week that I have been using this method). i set my SL around 10 pips upper than engulf candle and for all my trades SL is average 20 pips. do you think i should set the SL wider as you said Maximum 40 pips ? i mean will it survive in the choppy market? i use H4/H1/M30 TFsIgnored
setting SL depends on individual personality and on so many things.
mostly is all about your risk tolerance.
different pairs different SL.
10 pips above zone on m30 entry is ok for major pairs like eu, gu.
for gj, gold and indices would be more like 30-40 or more pips SL
if you find that the SL is too big, then shift down 1 or 2 time frames to find a smaller SL.
ITB - Seeing Orderliness amongst 'Randomness'
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