yes.. back to my drawing board..
1. i think i should make my tp a little bit smaller, for easy liquidity...
2. place orders by 5 pips gap..
3. long positions only for rollover/carry over interests
and it should look like this:
demo - 5k
platform - fxcm
pair - GJ
lot size - 10K
leverage - 1:200
positions - LONG by 5's ( 206.90, 206.95, etc.. up to 210.00)
tp - 5 pips
sl - none
4. all positions must be above the current market price
5. if price goes down, place order at every 15 pips gap with
no sl and no tp.. to average down.. to compensate the floating loss..
let see what will be the outcome, i already opened a new demo account with $5,000.00 virtual account..
i'll keep you posted by it's daily performance..
PLS POST YOUR COMMENTS, SUGGETIONS, RECOMMENDATIONS ON THIS REVISED SYSTEM OF MINE
1. i think i should make my tp a little bit smaller, for easy liquidity...
2. place orders by 5 pips gap..
3. long positions only for rollover/carry over interests
and it should look like this:
demo - 5k
platform - fxcm
pair - GJ
lot size - 10K
leverage - 1:200
positions - LONG by 5's ( 206.90, 206.95, etc.. up to 210.00)
tp - 5 pips
sl - none
4. all positions must be above the current market price
5. if price goes down, place order at every 15 pips gap with
no sl and no tp.. to average down.. to compensate the floating loss..
let see what will be the outcome, i already opened a new demo account with $5,000.00 virtual account..
i'll keep you posted by it's daily performance..
PLS POST YOUR COMMENTS, SUGGETIONS, RECOMMENDATIONS ON THIS REVISED SYSTEM OF MINE
I'm not an expert but I can read charts.