I got it. You use some kind of bot... not the whole of the move 815 pips but a lot of small trades for few pips, right? the more volatility the more you pick pips.
lenjive posted: ive pulled out longs for a total of 815+ pips today, after poor money management last month ive been more reserved with the bets laid down, but looking at a 20% increase on capital today,
put in a small 0.09 sell @ 1.295 target 1.2935 SL 1.310
edited my post so i can see the new posts (what you steve refered too earlier)
+815 pips? 😲
what then are you bitching about man ?😁
oh im not moaning!! no not at all!! :) quite the opposite, has been a GOOD day today :)
i trade multiple small bets, which means my broker makes quite alot of commission from me, but if market moves against me i do not loose so much so easy so the 815 pips are actually a market move of 160 pips or so if you understand??
EDIT so no where near as good as your 500 pip single trade!!
the 815 pips are from multiple manual trades today size 0.01 to 0.08,
reason for doing it this way, is ive been burnt twice recently by putting 0.4 bets down in one go, so now i split them up and put bets down whilst watching the market moves.
i do use an EA along side my manual trades, the ea currently is around 1500- pips, not good! looking for eur to sell now to get EA out of trouble, if market pushes above 1.3 i will hedge it further, all hedge bets where removed @1.3 temporarily
lucky as ive had a operation 3 weeks ago and are off work so have time to manually adjust multiple manual trades all day :)
I used this logic on one of my Ea which has good back test results for 13 years at daily & 1hr chart. So I mean you do it correct way. You can find bt at strategies under my profile. Cant remember the name now.
how you determine your sl. For each basket Same for all which is the first executed order? Or individual?
lenjive posted: for example, the 3 sells there are 0.02 @1.985 0.03 @1.2994 0.05 @1.2999
totaling 0.09, now i used to put the whole 0.9 down in one, but if market went against i lose the full 0.9@SL
so i put in a small bet, and see if it goes the right way then keep adding to it in small increments,
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.