If you set a stop at BE you get BE
If you set a stop at +3 you get +3
Full stops do not protect gains, they minimize them.
If you are up 8 pips and you feel that you need to move your stop
to protect your position then the best play is to take the 8 pips.
I'm not going to continue to muddy up TRO's thread with strategy though because that is not the name of the thread.
nickohorny wrote:MightyOne wrote:Here you go Nicko-
At +5 pips profit exit 5 MICRO lots with 1% profit.
[s]Move Stop to Break Even. [/s]
[s]Let the remanding 5 MICRO LOTS trail -5 pips behind price.[/s]
Thanks for the reply MightyOne, I am a bit confused though! Why did you cross out the exit strategy on the remainding 5 MICRO LOTS? Was was wrong about that part? Just need to know please