Though my current research shows an average Hard Stop Requirement of 16 ticks is risk enough I am still starting with a Hard Stop of 30 Ticks / or the Plot Cycle whichever is less.
This is a maximum risk of $150.00 per trade and I am doing this to ensure that statistics are broadened over more time. I will re-address this stop after my 30 days of simulation to confirm.
In the above example:
Entry was 11875 short
Hard Stop was placed at 11905 (maximum 30 ticks) was less
then the Plot Cycle 11909
Actual stop required: 11894 (19 ticks)
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