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Friday, April 18, 2008

No More Entry Stop For Breakout System

I got a new notebook and a wireless internet. So now I can check the market anytime I want :) Meaning that I don't have to set stop order for the breakout system. In addition, I can also manage my stop loss.

I used to set 50 pips target and opposite signal for the breakout system because I might be away from my PC for the rest of the day. It took a lot of manual testing until I decided with 50 pips target. But now, I prefer to open position only when the EMA agree and moving my stop loss to break even after 20 pips or so. Now I can say goodbye to 3:1 risk reward ratio :D




Breakout System

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