Can you please elaborate? My level I understanding doesn’t allow me the ability to get what you are saying simply by the words profit factor; I mean is it too high, low did I forget about it all together please help me here.
Okay I’ve done that and see that it is actively used in forex according to google. But my real question is, is this some sort of holy grail or am I’m an idiot, will it work?
Let’s assume I would do a 1:1.5 loss to profit ratio. So I would always have stop loss set at .5 what I would be expecting for profit.
Looking to get let’s say 10 cents profit and only risking 5 cents loss. Wouldn’t my ability to profit long term be realistically attached to me being able to...