I've been working on an automated trading strategy for a while now. Working with Volume bars and spent a fair bit of time on the entry logic and finally happy with it.
For Stop Loss i'm using previous lows but for Take Profit i've been using fixed number of ticks in my back tests but I feel like I'm curve fitting rather than finding the right TP level which is gonna work in all conditions, basically I'm looking for something more dynamic. I was wondering if there are any seasoned automated trading people out there who can share some best practices in terms of defining Take Profit levels, or some ideas from anyone to discuss.