My software has already entered me into the trade shown. Stops are currently at break even after price has moved 0.2R in our direction (as indicated on the chart). It's already a risk free trade so we're now just going along for the ride. Could be a quick in and out, could see a pump higher. It's of no risk to me.
Comment:
I've used a previous stop loss to work out the trailing pips mentioned in the text box on the chart. This should actually read: In this case the stop loss is 21.4 pips, so we will trail by 21.4 * 0.2 = 4.3 (not 15.1)
Trade closed: target reached:
Only +0.2R