Quote:
Originally Posted by philt
Sorry, but have i missed something...?..
How can a R/R of 1.1 be any good at all....
5 lots with 100 SL.....£5k risk for how much? wheres your TP targets at?
1.1 works out to risk 5k to make 5 k...LOL..
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Hi Philt,
We take profits at every 50 pips. So if you close 4 lots at 50+100+150+200 that is equal to 100 pip SL on 5 lots. We still have one more lot spare which can beyond 200 which will make the system 1:1 or better. Also so far we have a great run and we now have 17/20 successful trade.
Hope this helps.
Cheers,
OzFx