I don't go for a certain risk:reward ratio anymore, but it used to be 2:1.
I built a custom indicator that tells me when to buy, take profit, and sell based on specific parameters. It's been working really well for me for the last year.
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Is this something you share? 😁
My own readings are doing fairly well too, but I'd love it to be automated because I look at it and then I get greedy... and then it fail (despite my TP prices holding up most of the time)
There is a free version on TradingView and I am soon about to put the PRO version there as well as an Invite Only script and sell lifetime invite codes.
https://www.tradingview.com/script/QOYy2Xqt-Logical-Trading-Indicator-V-1/