This a swing trade strategy that looks to be in a position up to 48 hrs. Each trade comes with a SL 100 pips / TP 200 pips when executed. As the position develops, those targets are adjusted accordingly. However these targets will not be adjusted more than the original SL/TP. Also keep in mind that I am a big fan of moving SL to BE as soon as I feel the need to.
I watch 1HR charts through out the day and only trade 8 pairs that sometimes creates short term hedges. As for MM I use a timed stop also which is 48hrs. By then I am either right or wrong and move on to the next setup.