That’s an interesting challenge you’ve set for yourself. From my experience, timing does matter—trading during the London/New York overlap often gives better opportunities. As for stop loss, I’ve found that tighter ones can get hit more often, but wider stops allow more room for the market to move. It’s really about testing and finding what works for you. Staying in trades longer could help capture more profit, but just make sure to monitor volatility and adjust when needed.
It's looking like four-, ten- and 16-hour measures will be the key to my refined system for trading foreign currency pairs online.
THE 100-HOUR MOVING AVERAGE I was intrigued when I saw ForexLive.com posting an article titled: "EURUAD spikes higher with the price extending above the 100-hour MA" since I don't recall having seen anyone other than myself referring to moving averages in a temporal sense rather than periodic units. This prompted me to look into exactly what it was they were talking about, and it turned out that (as I suspected) they were simply talking about a 100-period moving average on an hourly chart... Of course, for me a 100-hour moving average would be an indicator that tracks by how much an asset rises or falls every 100 hours, which a 100-period moving average on an hourly chart obviously does not do. The image below illustrates the difference between what I conceptualize as a 100-hour moving average and what ForexLive.com was referencing.