DislikedIf you like to pay a lot of spread then sure you could do it. 5 entries x 2 pip spread = 10 pips. Now imagine you take 100 trades per year like this. You will need 1000 pips to get breakeven. Way to much for me and that's with quite a small spread.
But you could do it with two orders. Then it's not a bad idea. I personally set my full order a bit earlier than a level, usually 2-3 pips + spread. I still don't get filled every time, but it works quite nicely. You can't get them all anyway.Ignored
Spread would be the same, It just would be spread out over the complete position size , in pieces. Unless your paying a transaction fee, which I don.t any that do . maybe futures. it is the same.
Good Trading To All ; Ken Lee