i know it doesnt realy anser your question but
dax is master of fishing stops below bottems/sup and above tops/res
before it will decide which direction it want to go -
sometimes many times
get used to that;
i never trade trade it without a sl.
it can rocket 40p in a heartbeat on news events like last friday. that would be a 1000 eur loss with only 1 contract
think about it
sometimes while trading dax it makes more sence to
use a timed stoploss and give your trade a chance as long
as your setup is still valid or there is no reason not to have trust anymore in your current position
Please not the aim of this post in not do discuss at which level the stop should be placed or about position sizing. I am interested in manual stops or automatic stops pros and cons.
