Quote:
Originally Posted by burn0050
This is an intriguing strategy. It's like making 10 pips a day, but in one day. And you're then good for the week. Definitely less stress.
You said you were risking 1%, but I noticed in your document (the 30k to 82k) - that you're actually using 2%, correct?
That's still within my tolerance range, but I just want to be clear. Also, what timeframe do you use for this?
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I would ideally risk 1%, but considering my account isn't big enough to allow that much room, my broker only goes as far as mini account, not micro, so I'm trading at 2% for now.
As for timeframe, I look at M15, but doesn't really matter actually, since I'm not applying any indicators to the chart.