Scalp trade in narrow ranging market. The automated stoploss is to prevent a catastrophic loss. I usually stop loss manually. I changed the target from 3 to 2 ticks because based on the market the previous day it was moving too slowly and too much chop so 2 ticks seemed more likely. The price eventually went to my 2 tick target but not before if came back to my price so I settled for a 1 tick winner.
This is a BOBL trade
ReplyDeleteScalp trade in narrow ranging market.
The automated stoploss is to prevent a catastrophic loss. I usually stop loss manually. I changed the target from 3 to 2 ticks because based on the market the previous day it was moving too slowly and too much chop so 2 ticks seemed more likely.
The price eventually went to my 2 tick target but not before if came back to my price so I settled for a 1 tick winner.