meanreversion
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As I usually trade momentum on reversals, my trades will either go in my favour relatively quickly or not at all. The rate is unlikely to sit there for a day before suddenly going in my favour, and if anything is more likely to go against me. I've started experimenting with time stops. If the rate hasn't moved at least one unit in my favour after 4 hours, stop out of the trade. Does anyone else use this approach?
