Disliked{quote} Thanks Ronichimo! What is your opinion if the OPEN of 'TODAY' already exceeded 1 tick which is also suppose to be our PENDING ORDER. But we havent manage to key in that time. For instance, we suppose to placed BUY Pending order at price 1.30001 but TODAY OPEN price is 1.30001 and price goes North after that. Shall we place another pending order which is higher that the actual one? Or we still placed the same Pending order at 1.30001, hope for the price to pull back and hit our pending order? PS : And what is the 'different things that you...Ignored
In my opinión we have to keep trading so simple as posible. If your strategy is "A" and happens a "A+1" just let it go. This won`t be YOUR system anymore. If there was only one currency available in Forex market, other history, but there are many currencies to trade with your own system. Don´t try to fix the PA on your strategy... every strategy has is own "PA".
Said in other words, if the strategy (in this case) is pending order one pip above/below previous close... that`s it...
Every strategy has is own "moment",...
but remenber, in this thread, started by SWilliam, we are starting and trying to get fixed it as best as posible... we still need to find some filters for when or when not use the pending orders.
Last one, by "diferent" things I mean everything what is not in accordance with the strategy... example, if pending order is Buy 1 pip above and before the order is triggered, there is a loo...oong bearisch candle going on, I close the pending order, PA has moved to much yet, other case is for example, same situation, order is not triggered yet and in 1/2 hour will be a BIG news, I prefer cancel the order and wait... tomorrow will be more forex trades, it not depends of one trade and one day... be patient
Ronichimo
P.S Don´t think soo much in what "in case of" and look more in "what happened yet"... to avoid a future mistake. I`m looking why some orders went wrong yesterday (today) and try to figure out why it happened and not repeat it tomorrow.
Ronichimo