waynehenderson36 wrote:Hi Tro,
SL is 10 pips but what if the green candle you are trading the high of is only 5 pips high? Would your stop just be below this small candle or would you keep it at 10 pips? Thanks
POSITION SIZE = RISK / STOP LOSS.
The 10 pip SL was put there ONLY to satisfy all those naysayers who were screaming for and demanding a SL.
The SL should be a few pips above the current daily high or a few pips below the current daily low. Adjust position size accordingly. That way each trade has the same risk.