Originally Posted by
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quote Hello I picked 3 pips because that was the best quantity of movement to ensure that my trades would close on the TP at an average of 15 to 20 minutes maximum. At times it can take more, but its a safer amount to ensure profits, until the tendency is gone.I tried 7 pips, 5 pips, but wasn't familiar with the range that it took to close the trades. I favor security than greed. I trade reversals, using Bollinger bands with 12 periods rather than the normal 20, on 5 minutes charts. The combo of BB with RSI works very well for me. What...