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Friday, February 18, 2011

Matching Profiles with Parameters

Matching Profiles with Parameters
Now consider these three parameters in conjunction with your profile.
Guerillas: 10 · 3 trades per campaign, 15-pip objectives, and 10-pip stops.
Scalpers: 10 · 3 trades per campaign, 25-pip objectives, and 15-pip stops.
Day traders: 10 · 3 trades per campaign, 50-pip objectives, and 20-pip stops.
Position traders: 10 · 3 campaigns, 1-pip objectives, and 25-pip stops.
The longer term your trader profile allows, the lower can be your overall
win-to-loss ratio.
Feel free to alter these parameters, at least slightly. But don’t go offboard—
that is, outside of them—too often without good reason.

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