What do you guys think of using time-based stops in scalping? There are times where I am in a position for several minutes, market is going nowhere but my hard stop still has not been hit, even if it is a narrow, 4-6-tick stop.
I have some time-related rules in my trading, namely a “2-minute break after each closed trade (either a win or a loss)” which prevents stop-and-reverse or revenge trading behaviour which I found leads to grinding many contracts, reversing positions and getting hit…