DislikedThis seems to be a good strategy atleast when u look at it in history, bet when i look at it in realtime on the day lets say in the morning u can have a down signal only to see that the signal have changes inthe afternoon the smma is to jumpy how do u solf this issu or is it somthing i have missed pls let me know ?
best regards a beginnerIgnored
The other option [do not recall what this idea is named] is to enter three positions as follows:
position 1 with a TP specified
position 2 with a TP specified
position 3 with no TP specified
As trades unfold:
position 1 TP is triggered - closed for a profit
move position 2 SL to protect profits : you do not want this to be a losing trade
move position 3 SL to protect profits : you do not want this to be a losing trade - let it ride as far as it can go.
As you can see, position 2 and 3 should be a free trade since it should not cost you anything. These two positions you can set the S/L to whatever you want to capture to protect whatever PIPs you have already grabbed.
I can typically grab a 100 PIPs easily especially if I am following the trend trading once a day with three lots.