Well how i see this!
You can add to a losing position and earn more pips and risking less... Well at least let's imagine that!
Let's say price went down -30 from open
Risk is 110 pips and profit 50
Price goes -60 from open
Add another position st 80 tp will be 80
Price goes 100... you get it
In the end risk is 370 pips with 4 positions and 99% possibility gain profit 272pips. Don't forget about spread!
And of course, BIG thank you to geoffb65!!!
I don't believe in god! But i believe in you and your great work!!!
You can add to a losing position and earn more pips and risking less... Well at least let's imagine that!
Let's say price went down -30 from open
Risk is 110 pips and profit 50
Price goes -60 from open
Add another position st 80 tp will be 80
Price goes 100... you get it
In the end risk is 370 pips with 4 positions and 99% possibility gain profit 272pips. Don't forget about spread!
And of course, BIG thank you to geoffb65!!!
I don't believe in god! But i believe in you and your great work!!!