Begin trade after 7:00;Stop any trades at 22:00;take EURUSD for example
1. buy 0.1 lot at 1.2634, stoploss 1.2624;takeprofit 1.2674;
2. if takeprofit at 1.2674 , then it is ok.and never trade in the rest of the day.
3.if stoploss at 1.2624, then sell 0.1 lot at 1.2624, 10point stoploss,40point takeprofit;
every new opposite trade, lot=lot1+lot2;
lot1=the lot of the last trade, lot2= the lot of the trade before last trade.
for example:
if the first lot is 0.1,and stoploss; then the second lot is 0.1;
if stoploss too,the third lot will be 0.1+0.1=0.2; if still stoploss,the fourth lot =0.2+0.1=0.3.....
When you stoploss, if you trade opposite with a small lot, you will find that you can not redeem your loss even if you takeprofite in this opposite trade;if you trade opposite with a big lot, you will find that generally you can redeem your loss,but you will loss more in some perticular day.
For example:
if the lot series is: 0.1,0.1,0.1,0.1,0.1.....
you will find that, if the four trade is stoploss, and you takeprofit at the fifth trade, the total profit is negative.But you aviod much big loss at one trade.
if the lot series is:0.1,0.2,0.4,0.8,1.6,3.2.......
you will find you can easily redeem the last loss. But if any one trade fail, your loss at this trade is much bigger.And three of this kind of trade will cut half of your money.
1. buy 0.1 lot at 1.2634, stoploss 1.2624;takeprofit 1.2674;
2. if takeprofit at 1.2674 , then it is ok.and never trade in the rest of the day.
3.if stoploss at 1.2624, then sell 0.1 lot at 1.2624, 10point stoploss,40point takeprofit;
every new opposite trade, lot=lot1+lot2;
lot1=the lot of the last trade, lot2= the lot of the trade before last trade.
for example:
if the first lot is 0.1,and stoploss; then the second lot is 0.1;
if stoploss too,the third lot will be 0.1+0.1=0.2; if still stoploss,the fourth lot =0.2+0.1=0.3.....
When you stoploss, if you trade opposite with a small lot, you will find that you can not redeem your loss even if you takeprofite in this opposite trade;if you trade opposite with a big lot, you will find that generally you can redeem your loss,but you will loss more in some perticular day.
For example:
if the lot series is: 0.1,0.1,0.1,0.1,0.1.....
you will find that, if the four trade is stoploss, and you takeprofit at the fifth trade, the total profit is negative.But you aviod much big loss at one trade.
if the lot series is:0.1,0.2,0.4,0.8,1.6,3.2.......
you will find you can easily redeem the last loss. But if any one trade fail, your loss at this trade is much bigger.And three of this kind of trade will cut half of your money.