if i am not in profit after 15 mins, i will close the trade
Solid discipline for having a rule. But a strict "15 min no profit = exit" often gets you chopped up by noise and cuts winners too early.
Better: Use proper price-based stops first, and treat time as a secondary "re-evaluate" trigger. Backtest it on your setups that’s what matters.
Overall, it’s okay as a starting point but needs refinement.
Solid discipline for having a rule. But a strict "15 min no profit = exit" often gets you chopped up by noise and cuts winners too early.
Better: Use proper price-based stops first, and treat time as a secondary "re-evaluate" trigger. Backtest it on your setups that’s what matters.
Overall, it’s okay as a starting point but needs refinement.
He can always get in again when the tide changes
Solid discipline for having a rule. But a strict "15 min no profit = exit" often gets you chopped up by noise and cuts winners too early.
Better: Use proper price-based stops first, and treat time as a secondary "re-evaluate" trigger. Backtest it on your setups that’s what matters.
Overall, it’s okay as a starting point but needs refinement.
You cant be talking of winners when a trade is in a loss
You cant be talking of winners when a trade is in a loss
That's not a lie though