You say to double a $0.20/pip. When would you do that, When you accum. 35 pips or 50 pips?
If you feel comfortable with a stop that is closer to the current price then increase your pip value and normalize risk.
At a minimum you should increase your pip value by 50% prior to taking profit & then re-enter with your last lot size
and complete the cycle.
You do it like this:
$0.20 ---> $0.40 ---> $0.60 ---> $1.20 ---> $1.80
$0.20 ---> $0.30 ---> $0.60 ---> $0.90 ---> $1.80
So that you can do this:
$145.80/pipCheck out this link
"You have to minimize your losses and try to preserve capital for those very few instances where you can make a lot in a very short period of time. What you can’t afford to do is throw away your capital on suboptimal trades."-- Richard Dennis
Ok I see what you are saying. You are either going
to need to close your trade to increase pip size or
cut space. Need to manage that SL.