Saving Yourself From a Trading Diaster

Few days ago, I posted a probability paper that talked about how an execution filter can lift your gains by not triggering unexpected trades. Today is a great example of how putting in an additional execution criteria and pre-defined risk parameters can save you from a disaster.

Blue/Red line is the buy/sell stop. Yellow is stop loss. The trades never triggered. The best trade is one that never triggers :).

Charts are for EUR/USD and USD/CHF