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DislikedHello dare123, bull.bear and all too,
Regarding dare123's questions :
For Take Profit = TP-Spread= New Take Profit: To avoid opening of two orders in the same direction.
For Stop Loss = 2 Times New Take Profit -Spread : So that we will have risk to reward ratio 2:1
The spread cost should be include in the EA's code for the TP and the SL, I mean that you have to add the spread cost (in pips). For example, 3 pips spread on the EURUSD with a 20 pips TP and 40 pips SL, you have to add on the TP/SL the spread cost or TP=23 and...Ignored
DislikedAngel65,
For No 1.
For example if your broker spread for EUR/USD is 2pips
Buy Stop @1.3060 ; SL 40pips, TP 20pips
Buy Stop @1.3040 ; SL 40pips, TP 20pips
Buy Stop @1.3020 ; SL 40pips, TP 20pips- Market Price at [email protected]:[email protected] =TP-Spread= New Take Profit: If TP is not at the SELL price before the trade close in profit, the order Buy Stop @1.3040 ; SL 40pips, TP 20pips will be opened.To avoid that our TP as to be TP-Spread = 18pips and @ 1.3038.
and since our SL is times 2 of TP, our SL=36pips.
Current market price:...Ignored
DislikedGood-day Great Friends,
Compliments of the season!!!
I have been on vacation and trading to improve this strategy which has yielded great result.
With the new innovation on the strategy you are not afraid of losses and you will always be in control of the market with high profitability.
Please, contributions and trading results are welcomed.
Happy Trading.Ignored
DislikedI think it is better you go through the strategy and make a constructive statement.Ignored