FOREx

People who know DIBS from Forex Factory (FF) forum will say that the 'correct' way to apply DIBS is to use it on H1 chart, take profit for 50% of the position at a Reward:Risk of 1:1 and let remaining 50% of the position 'ride' with SL moved to breakeven (BE).

The reason I do not do the above (taking 50% off at 1:1 and letting remaining 50% 'ride') is because I do not have time to monitor trades. So I have decided to simply use a hard TP. And I set this TP at 'approximately 1 x ATR(40)' because ATR(40) on a H3 chart is roughly equivalent to 5 days (one trading week) of price movement. If I have applied DIBS on a H4 chart, then I will set the TP at 'approximately 1 x ATR(30)'. If it is a D1 chart, then the TP will be either 'approximately 1 x ATR(5)' or 'approximately 1 x ATR(10)'.

This is just a note to those people who disagree with my way of applying DIBS: What is important to me is that I am comfortable with a method and consistently make profit from it (or at least my version of it), not how strictly I follow it. I am not out to prove that a method 'is elegant', 'has strong edge' or whatever.