Originally Posted by
;
I think this has already been mentioned above, but using a 10 pip trade it puzzles me how you can factor in a risk benefit ratio.
Say you are trading EURUSD, you have a spread of 3 pips, using a 7 pip stoploss equivalent to 1:1 risk/reward - you are are now setup to produce your 10 pips. On this calculation you want to secure better than 50% to become profitable.
Drop below this and you'll get rid of money consistently.
A 7 pip stop is much too tight for my liking due to volatility, therefore this would have to be increased significance risk/reward is currently less than 1.
I don't like to trade this manner. Rob Booker does not disclose the entire system in that report, and rather surely there's something I don't know, but thats how I see it prima facie.