Disliked{quote} I didn't say it wont work, i am saying it is will increase the draw down. And as you said maybe yes or may be not, if price will conrinue for 700 move against you. We can do in easier way. Place orders every 100 pips away with TP 100.Ignored
I agree. It is just one of many ways trades can be managed. There is no perfect solution. It is just another option for people to consider. I have found it works well for me. Also if you read the TMA thread it was used there with very good success. I think the thread starter had mentioned that he had never reached Level 4.
Ultimately if we can improve our entries and get more skilful in spotting similarities that will have a high chance of moving in our favour then we should avoid too much stress caused by drawdowns. But as we all know there are no guarantees in this business.
An expert is a man who has made all the mistakes which can be made