The market perspective becomes distorted, so a single-shot discretionary approach is the most efficient.
Two-shots or more will just distort market perspective
Only one shot
There is no meaning unless you asymmetric shift with equality
Backtesting is all useless because market view changes
As soon as a two-shot stop is hit, market perspective keeps changing
Two shots or more are almost the same as a trend-following EA
Even one shot
If you’re not careful, excessive stop losses won’t be offset by profits
Either way, stop losses won’t last long
Performance will only trend downward
Even if profits persist
Losses increase due to excessive stop losses, repeatedly growing while
Then indicators and volatility automatically realize the losses
Until the principal is recovered, it will become longer and longer
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