This 2 levels trading is suitable for any account size and involves any 2 levels that you choose for a trade.

Ex: Eur-Usd at current price 1.2600

1. buy order of 0.1 at 1.2600 with tp 15 pip no sl

If price reaches 1.2575 than we get.

Buy= 0.1 x 25

Profit 5 pip

Sell =0.2x 15

If price retraces before 1.2575 than we wait for retest of prev buy where we will open another buy of 0.3, set tp for both buy 15 pip above and sl for sell at the same lvl.

If price reaches 1.2615 than we have.

buy= 0.40 x 15

Profit 10 pip

sell= 0.20 x 25

Every time the price hits a level we will increase the order with 0.1 until one of the tp are hit, and we cancel the opposite tp every time to avoid spikes in the opposite direction straight after opening one order.

Things that you need to perform this .

1. Spread for that currency as low as possible/ if possible 0 because tp and sl are taken at differite lvl (bid/ask)**

2. Money management... you should use a 0.01 for each 500/1000 in your account.

Considering that price may hit both levels few times in some occasions you'll need to be able to open positions and increase with 0.1 each time as much as it's needed without using too much lever.***

3. It's a con, not a pro that the trader must be in front of the pc to do this manually. Choosing a tp to high reduces the ammount of trading but that also means trading if needed for as long as the price takes to move out of that range.

* I chose a 10 pip between buy and sell but other values can be used

** If your broker offers fixed spread you'll have to calculate for each order where to put to/sl to have profit every time.

*** At first, a 0.1 to start does not look big but in a day where we have zigzag movements we may see the price touching each level 5 times before finally reaching for a tp and closing the deal, and 5 times each level may not seem much but i tell you it's over 5 lots so you should read point 2 again.

If you see other things that may influence this method of trading which has not been taken into consideration yet, please leave a reply.

Edit.

Thanks to Maharuay Post#06 http://www.forexfactory.com/showthre...83#post7787283 I found a solution to fix losing $ when multiple orders are open with the formula :

For each order added we will add to the tp another 5 pip

buy 0.1 + 0.3 = 0.4x 35 = 140 ........................buy 0.1 + 0.3 =0.4x 30 = 120

sell 0.2 + 0.4 - 0.6x 25= 150 ...........................sell 0.2 = 0.2x 40 = 80

buy 0.1 + 0.3 + 0.5 = 0.9x 45 =405 .................buy 0.1 + 0.3 + 0.5 = 0.9x 35= 315

sell 0.2 + 0.4 + 0.6 = 1.2x 35 =420 ..................sell 0.2 + 0.4 = 0.6x 45= 270

buy 0.1 + 0.3 + 0.5 +0.7= 1.6x 55 =880 ...........buy 0.1 + 0.3 + 0.5 + 0.7 =1.6x 40= 640

sell 0.2 + 0.4 + 0.6 + 0.8= 2x 45 = 900 .............sell 0.2 + 0.4 + 0.6 =1.2x 45= 540

Ex: Eur-Usd at current price 1.2600

1. buy order of 0.1 at 1.2600 with tp 15 pip no sl

*(1.2590) with tp 1.2575 and sl for buy at same lvl.***If price goes lower we open sell 0.2 at 10 pip lower***If price reaches 1.2575 than we get.

Buy= 0.1 x 25

Profit 5 pip

Sell =0.2x 15

If price retraces before 1.2575 than we wait for retest of prev buy where we will open another buy of 0.3, set tp for both buy 15 pip above and sl for sell at the same lvl.

If price reaches 1.2615 than we have.

buy= 0.40 x 15

Profit 10 pip

sell= 0.20 x 25

Every time the price hits a level we will increase the order with 0.1 until one of the tp are hit, and we cancel the opposite tp every time to avoid spikes in the opposite direction straight after opening one order.

Things that you need to perform this .

1. Spread for that currency as low as possible/ if possible 0 because tp and sl are taken at differite lvl (bid/ask)**

2. Money management... you should use a 0.01 for each 500/1000 in your account.

Considering that price may hit both levels few times in some occasions you'll need to be able to open positions and increase with 0.1 each time as much as it's needed without using too much lever.***

3. It's a con, not a pro that the trader must be in front of the pc to do this manually. Choosing a tp to high reduces the ammount of trading but that also means trading if needed for as long as the price takes to move out of that range.

* I chose a 10 pip between buy and sell but other values can be used

** If your broker offers fixed spread you'll have to calculate for each order where to put to/sl to have profit every time.

*** At first, a 0.1 to start does not look big but in a day where we have zigzag movements we may see the price touching each level 5 times before finally reaching for a tp and closing the deal, and 5 times each level may not seem much but i tell you it's over 5 lots so you should read point 2 again.

If you see other things that may influence this method of trading which has not been taken into consideration yet, please leave a reply.

**There is a EA request for this method at :**http://www.forexfactory.com/showthre...81#post7787081Edit.

Thanks to Maharuay Post#06 http://www.forexfactory.com/showthre...83#post7787283 I found a solution to fix losing $ when multiple orders are open with the formula :

For each order added we will add to the tp another 5 pip

buy 0.1 + 0.3 = 0.4x 35 = 140 ........................buy 0.1 + 0.3 =0.4x 30 = 120

sell 0.2 + 0.4 - 0.6x 25= 150 ...........................sell 0.2 = 0.2x 40 = 80

buy 0.1 + 0.3 + 0.5 = 0.9x 45 =405 .................buy 0.1 + 0.3 + 0.5 = 0.9x 35= 315

sell 0.2 + 0.4 + 0.6 = 1.2x 35 =420 ..................sell 0.2 + 0.4 = 0.6x 45= 270

buy 0.1 + 0.3 + 0.5 +0.7= 1.6x 55 =880 ...........buy 0.1 + 0.3 + 0.5 + 0.7 =1.6x 40= 640

sell 0.2 + 0.4 + 0.6 + 0.8= 2x 45 = 900 .............sell 0.2 + 0.4 + 0.6 =1.2x 45= 540