let us discuss this crazy Idea ....
what if we consider our fores trading like playing in casino...
i want to double 100$ to 200$ in :
1- 8 Orders so I have to got 10% profit in each order , if this done the balance will increase as follows :
100-110-121-133-146-161-177-195-214 ....
the second question the target pips :
if the target 10 pips lot size is 0.1 and the SL is 100 pips (at step out 100% ) and 80pips (at step out 20%)
so we need strategy with take profit target 10 pips and Stop lose 80 pips and to have 8 continuous wining trade
2- to be more fixable : to double the 100$ in 15 orders we need to get 5% profit in each trade so the balance will increase as follows :
105-110-116-122-128-134-141-148-155-163-171-180-189-198-208
the target of each trade is 10 pips so lot size is 0.05 SL is 200 Pips ..........
so we need strategy with take profit target 10 pips and Stop lose 200 pips and to have 15 continuous wining trade
any suggestions about trading strategy ?
what if we consider our fores trading like playing in casino...
i want to double 100$ to 200$ in :
1- 8 Orders so I have to got 10% profit in each order , if this done the balance will increase as follows :
100-110-121-133-146-161-177-195-214 ....
the second question the target pips :
if the target 10 pips lot size is 0.1 and the SL is 100 pips (at step out 100% ) and 80pips (at step out 20%)
so we need strategy with take profit target 10 pips and Stop lose 80 pips and to have 8 continuous wining trade
2- to be more fixable : to double the 100$ in 15 orders we need to get 5% profit in each trade so the balance will increase as follows :
105-110-116-122-128-134-141-148-155-163-171-180-189-198-208
the target of each trade is 10 pips so lot size is 0.05 SL is 200 Pips ..........
so we need strategy with take profit target 10 pips and Stop lose 200 pips and to have 15 continuous wining trade
any suggestions about trading strategy ?