Something is NOT clear.
16/288 = 5.5% That's your SL of 30 pips.
So far, so good.
(1+4+11+40+80) = 136.
136/288 = 47.2% For a TP of 10+
I don't understand -4% MSL, 30 SL 94.5% or your Target calculation.
30 SL 94.5%: I want to use a 30 pip SL because a 5m range reaches 30 pips 5.5% of the time so 94.5% of the time it does not.
If I want to use a 10 pip stop and price reaches 10 pips 47.2% of the time then 52.8% of the time it does not.
My minimum goal would then be (10 * 0.528)/2 for 2.64 or 3 pips.
-4% = 10 pips and MSL is saying that it is a mental stop loss as
I will have a -8% actual SL, but you can use a 10 pip real sl if you like.
The target calculation is for the minimum goal.
More often than not price will not reach 10 pips on 1 candle (53/47)
so price will move to a number that is less so I multiply 10 pips by the chance that it will not.
More often than not you will not capture the full range of your entry candle on the 5m so I divide by 2.
I was going to go into more detail on the last post and then the new years drinks hit me and I had to lay down
PS: Last post has been edited for more details as to the use of the minimum target calculation.