Your testing should show how far profitable so you can lock in plus one tick on trades that become winners but often times it is done manually as in case of my targets are changed due to chart patterns or reversals as well as getting full two points. You can also discover some info on losing trades as far as if they even got to 1-2 ticks profitable before becoming full losses and knowing how much time it was till it turned against desired direction.
Mine is 3 bars for day trading futures regardless of duration of each bar's time. So take one minute bars, at end of 3 bars, if I am up 2 ticks plus, I lock in one tick, if I can hit bid/ask at one tick but watch DOME to see if it going to go in my trade direction, I will give it more time, but if at a loss, I will place limits on some positions to lock in one tick and others will hit bids/offers so as not to show my position.
I've never considered analyzing the "time" over a data series to see if something like that makes sense. For me I think it would. Definitely going to track. Thanks for the info.
-JS
