When entering a trade, how do you choose the download eur usd historical data mt4 forex of the stop loss and take profit? Clearly, this decision will have an impact on how profitable your trades are.
However, did you know that the placement of youdr exit levels can actually have more of a bearing on your profitability than the decision on which direction to trade? In the volatile forex market, it is actually true. Given how important this decision is, it is surprising how little thought many traders give to this component of their trade. In this article, I want to explain a quantitative strategy that will help you select stops and take profit levels for maximum profit. I also want to debunk some of the common misunderstanding around risk-reward setups, and show how following poor advice can ruin a potentially good trading system.