Walter,
I like your approach, clean and simple. How do you determine the number of pips to use. Keeping in mind that MT holds a minimum stop of 2X the spread or in the case of a trailing stop a minimum of 15 pips. It seems the down side risk is ordained by the trading gods.
With a good argument 5 pips stop below the swing plus the amount of pips in the three bars following the swing then the spread added in at entry would make a desent RRR difficult to obtain when scalping.
What do you think?
Richard
