You get your entry criteria....
You have targets for TP and SL....
Now set and forget, walk away because you are confident that (statistically) your TP hit more often than your SL.
I challenge you to step into the forest and look at the trees. Opening a trade may very well have a nice statistical TP and SL level... but it is the chaos that occurs in the life of the trade that I suggest should be managed.
You are likely better served to have some exit criteria to get out of each trade before the TP or SL is hit, whether in profit or loss. And I say that a TP and SL are the limits of the trade, assuming the exit criteria isn't met while the action occurs.
You have targets for TP and SL....
Now set and forget, walk away because you are confident that (statistically) your TP hit more often than your SL.
I challenge you to step into the forest and look at the trees. Opening a trade may very well have a nice statistical TP and SL level... but it is the chaos that occurs in the life of the trade that I suggest should be managed.
You are likely better served to have some exit criteria to get out of each trade before the TP or SL is hit, whether in profit or loss. And I say that a TP and SL are the limits of the trade, assuming the exit criteria isn't met while the action occurs.