DislikedSonic,
Do you open three different trades, 1 lot each, or open one trade at 3 lots and close them individually as they meet each profit target?
ThanksIgnored
sonic
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DislikedSonic,
Do you open three different trades, 1 lot each, or open one trade at 3 lots and close them individually as they meet each profit target?
ThanksIgnored
DislikedGuys ,
I have tweaked Money Management Model. This style is ref from "netwise". New model will prevent most of the drawbacks that occur before reaching our first 50 pips. You will rather win less than being stop @ SL (-80 pips) right?
Please feel free to advice/suggest.
sonic
Money Management
Open Trade with 3 Lots (or 0.3) with Stop Loss 80 pips away
Set trailing Stop to +25 pips. ( This step is added, to prevent draw back before we reach our first 50 pip target)
Take Profit on 1st Lot at +50 pips. Set trailing Stop to +50 pips.
Take Profit on 2ndLot at +100 pips.
As for the 3rd Lot, it will let it runs *wild* by setting wider trailing stop.(e.g +85 pips)
*Anyone can try out the setting with ManageTP or Swiss Army and post the setting???Ignored
DislikedTrailing Stop to +25 pips activated.... so this trade gona be profitable or stop at BE ...Ignored
DislikedSonic, when do you initiate the 25 pips stop loss? Do you wait until the trade is 25 pips in your favor?Ignored
DislikedSonic
I have downloaded sonic3.zip file, how do I instal the above template to my ODL MT4. Thanks.Ignored
DislikedSonic,
How do you use the Divergence indicator? Do the arrows signal a reversal?Ignored
DislikedThanks for sharing. May I know what is the setting? Default? ThanksIgnored