Thanks Guys...Actually I do fair trading.Ok let me explain it.Now I think eurusd is strongly up trending and up coming news in possible site.I took 10 pending trade by analyzing my system.So if I was right the trend is strongly gonna the way I thought than it ll hit all 10 of the pending order.Where 80% should be win cause its doing what i expected.Like I have 300 pending order but may be 50-100 ll hit.But if market gonna hit my pending order it ll hit 10 of them.So 80% ll win cause I am not chasing the market.but if the market move where I expected then than I ll get profit.So mathematically I am having 10% winning on my expectation on market movement but this expectation led me 80% successful on winning.Hope u guys are clear about my system now.As why 5 pipe tp and 15 pipe sl always works for me.
I'd really like to understand your strategy, but am not able to follow your explanation.
Maybe I'm getting something wrong, English is not my mothers tongue.
Therefore it would be nice, if you could clarify my questions below:
- 'So 80% ll win...'
where do you get this number from? Is it pure guesswork, did you backtest, ...?
- 'As why 5 pipe tp and 15 pipe sl always works for me'
you are trading four different pairs, each with its own characteristics.
How can you be sure, that your fixed sl and tp will 'always' work?
- taking your numbers, you're opening trades with a risk to reward of ~2.5:1.
So, you should, at least, win 60 % of your trades, to be profitable in the long run.
Imagine switching from your demo to a real account and consider your small pips target:
aren't you afraid, that slippage, widened spread, requotes, limited lot sizes, brokers games, etc. will kill your edge?
If no, then why not?