aliassmith wrote:prochargedmopar wrote:If that is the case I would never have to risk 3% to make 1%.
@ times I would be risking as little as 0.6% to make 1%.
Most of the time it would be 1:1
Yes I am saying that. MO has been saying that.
Btw macro pips don't have to be 10x they could be 8x
Risking 3% to make 1% over and over is a tough game to win. You have to be 75% accurate to just break even.
Risking .8% to make 1% is easier, about 44% accuracy.
If you trade at oanda put two exact size orders in when you enter a trade that way you can scale out.
Any time I ever put two exact order sizes I'm limited by fifo for manual exits.
It the trades are 1 unit difference I can close the trades manually "in any order I want".
If I use exact size but use a LIMIT order to exit it will close them "in any order I want.".