I wish I knew. It doesn't seem to be any common grid or basket strategy. Sometimes trades are opened at more or less the same price so I assumed so far that it adds trades if the signal is confirmed. I haven't seen more than 8 open trades in backtests, but without SL that could hit hard.
The system doesn't set hard SLs, but it monitors and manages the trades. The worst thing in backtests I have seen was 8 trades with -170 pips to -300 pips each - but that was in September/October 2013.
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