Actually they are very informative. "You do not need to worry about FIFO." That says everything you need to know.

Isn't there a bit more than that?

If you have a larger SL, there is bigger room for movement before the SL is actually hit. If you don't hit SL, then the loss is just paper loss, and gives you a chance to make gains if it swings back in your favour.

The chances of hitting a larger SL is lower, but of course if you actually hit SL, then your losses are bigger. Somewhere in between, there is an optimal point, the question is where...

That all depends on your strategy. There are zillions (well, maybe a bit less than that) of strategies out there.

The FA school will pay attention to economics and the fair value and such like. The TA school will look at indicators and charts and look for patterns in those charts. Most strategies use a combination of the two, it's a matter of how much of each.

The best strategy is the one that makes sense to you.

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Added on October 16, 2009, 10:18 pmNot sure about Fibo, but here are some other ideas from a TA point of view.

http://codebase.mql4.com/5996

This post has been edited by howszat: Oct 16 2009, 10:18 PM

Waiting? What about pending orders?

That's a forward test result, on demo? Looks impressive.

Your own written EA, or bought or got from somewhere?

Closed your trades and pocketed your pips yet?