EURGBP standard pip costs about USD20.
My money management is very simple: Each pip represents 1% of total account. This means that each trade risks 10% of account to take a profit of 5%. (SL:10, TP:5)
Yes, I know, the reward ratio is smaller than 1 (5/10). But due to highly repetitive pair behaviour this should work (more good trades than bad ones).
My money management is very simple: Each pip represents 1% of total account. This means that each trade risks 10% of account to take a profit of 5%. (SL:10, TP:5)
Yes, I know, the reward ratio is smaller than 1 (5/10). But due to highly repetitive pair behaviour this should work (more good trades than bad ones).