DislikedExcellent commentary fti, Thank You.
a question for you, for example; If I am in dance mode and I have 1 troop in for skirmish, then I place another 2 troops in for further attack, then I place another 3 troops in a little later for a press of attack. What you are saying is that the last 3 troop unit is the one that must be taken out as soon as it's job is completed and not be left to linger on the battlefield for such damaging effects of CB intervention or other Major player actions.
If I have 3 positions open and a news spike or other major player intervention quickly turns the market the other way should I be placing a trailing stop on that last 3 troop unit as it goes along so it will not get caught up in a slippage nightmare?
In MT4 it could feasibly take a few deadly precious pip moments to close out three positions when the market is changing very rapidly. The time it would take to open up the trade and close it out and then move on to the next one and do the same thing, then each succesive one could be very costly. For now I guess I would just manually already have the 3 troop trade window open just waiting for a simple click to close the trade if needed and then deal with the other two positions as quickly as I could attend to them.Ignored
As combination of spiral 1,1,3 would be a better combination as your attck would be stronger. howerever 112 gives you the 1123 range of capabilities.
when attack is over, the winding down should leave normally only base.
ie scout. On second wave when you do a 113 again, the effective is actually on 2 base as one was left over, 2,1,3 then on wave 3 the base becomes as large as the attack, effectively 3,1,3 as 2 was left over. if the short term trend ride was succesful the base should be winded to the original of 1.
You can work in multiples of the base as per capitalisation.
I found this most effective.
In terms of using MT4, I found that their accounting of positions is unorthodox, and much prefer , FIFO, or netting off , as it its the interbank accounting standard.
You may like to refer this at merlins thread about "hedging" in the Trading Room.
http://www.forexfactory.com/showthread.php?t=68598
Its really non professional , and tedious at best.
Having said that it is your choice to determine which platform is available for your trading. Remember that time constrain in position managing is not confine to pip slippage only . In combination with the price spreads and re-quotes, your slippage is actually very large in relations to leg ranges.
In my opinion , too much to give to broker.
regards