In my opinion, successful method is:
- Follow the trend
- Use stop loss
- Let profit orders go
some question regarding stop loss ,
should I add spread into stop loss level ?
For sell orders the SL/TP are relative to the Ask. So if want to exit at High of the previous bar, for example, you must use High+average spread for sell.
Likewise, for BuyStops/BuyLimits, you must add the average spread to the Bid price you want the order to open at.