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a typical setup would be : 1- look at daily / 4 hours chart to understand total trend of market 2- look at 30 min / 15 min chart to identify setup 3- look at 5 min for your entry due to lower stop loss length

saying my own time frame is useless . instead look at fractal nature of market , : if price resists on a higher timeframe like 4 hours (4h),look at lower timeframes like 15 min to find a significant resistance too . in this way you don't trade against higher timeframe .

this argument reminds me Nassim Nicholas Taleb & his point of view on mathematical probability of coin flipping .small unknown variations in the data could have a huge impact.when it comes to mathematics stuff most of ET members are unable to do basic calculations .

the main issue with FundSeeder : those traders with no capital will never be found . the best option is combining FundSeeder and other firms such as TopStepTrader for those who don't have access to initial capital

you can also add "break even" scenario into stop loss & target .for example if price moved twice of stop loss length then move stop loss to entry point and break even your trade .

so with above calculation , you can use a target of at least 3 times of your stop loss .try to calculate average stop loss & average movements of a specific instrument & then compute optimal stop loss & targets

imagine you are trading crude oil (CL) on 5 minute timeframe . the average length of a candlestick in this timeframe is about 20 points /ticks which means your stop loss is about 200 $ . average volatility after a setup (price movement) of crude oil in US session is about 70 points which is 700 $ .

use candlesticks in your desirable timeframe for entry , high / low of entry candlestick would be an ideal place for setting stop loss. for exit you can use either a target set at a multiply of your stop loss (for example target = 3* stop loss) or whether a moving average for trailing your profit .

always consider that backtesting & live trading have very different results . you may have a great profit on a backtested strategy and when it comes to reality that strategy yields a negative expectancy .don't underestimate losses .after 3 or 4 loss in a row, your mental mechanism doesn't let u...

1- look for those setups which priced moved significantly 2- look for what all of step 1 setups have in common 3- concentrate on minimizing draw downs