et at technical landmark below entry price if long or above entry price if short. If no obvious technical
landmark on chosen timeframe then stop can be set at 1.5x ATR. I will NEVER move a stop down.
b. I will set my position size of any individual trade based on the potential loss if this initial stop loss is
triggered.
Profit target
a. If I am not watching the market I will always have a profit target in place on the system.
b. If I choose to place a profit target it will be base on a technical landmark, e.g key price point, and will be
placed just under the next resistance if going long or above the next support if going short
Trail stop
a. I will check the market at the end of each bar/candle and adjust my initial stop if the market has moved in
my direction based on any technical landmarks seen on the chart.
b. I will tighten my trail stop to a maximum of 10 pips if a profit target has not been set in the system and
there is a key price point less than 5 pips away from current price.
c. If there is a trade that has moved more than 3xATR in any one bar/candle. I will tighten my stop to a
maximum of 10 pips from current price.
Impending relevant economic announcement
a. With any open trades, if a relevant economic announcement is due I will tig
landmark on chosen timeframe then stop can be set at 1.5x ATR. I will NEVER move a stop down.
b. I will set my position size of any individual trade based on the potential loss if this initial stop loss is
triggered.
Profit target
a. If I am not watching the market I will always have a profit target in place on the system.
b. If I choose to place a profit target it will be base on a technical landmark, e.g key price point, and will be
placed just under the next resistance if going long or above the next support if going short
Trail stop
a. I will check the market at the end of each bar/candle and adjust my initial stop if the market has moved in
my direction based on any technical landmarks seen on the chart.
b. I will tighten my trail stop to a maximum of 10 pips if a profit target has not been set in the system and
there is a key price point less than 5 pips away from current price.
c. If there is a trade that has moved more than 3xATR in any one bar/candle. I will tighten my stop to a
maximum of 10 pips from current price.
Impending relevant economic announcement
a. With any open trades, if a relevant economic announcement is due I will tig