DislikedHi Maximum,
I shell write you my opinion, regarding spreads,and I hope people will correct me (if necessary):
Supposing your broker charges 1pps for EUR/USD - then every enterance costs you 3 pps spread, as you enter with 3 lots. If he charges 2 pps - then every entrance cost you 6 pps, and so on.
Regarding entrance price, based on 1.3450-1.3500 IB :
If you enter at 1.3500, you might find yourself entering into a "double top". That's why you want to wait for the market to go 1 pps or 2pps higher - to be sure the price moved on.
The opposite is true at the 1.3450, where you want to avoid entering into a "double bottom" .
Regarding orders, my unsofisticated rule is :
1)If you want the market to change direction after you enter - this is a "limit" order.
2)If you want the market to continue its direction after you enter - this is a "stop" order.
Hopefuly, I am not wrong. You can check it yourself.
See you in your next post,
Shefa.Ignored
It means if my broker eat 5 pips (for example) and i want to buy IB high (1.3500) i put my limit order on High+5 pips
Hmmm. It means that i lost my pips. The other way is to put directly on 1.3500... And it means I can get incorrect trade.... I must to make another test :-)
Great thanks for your answer!!!