I've been wondering if placing multiple trade with x3 return works.
My idea basically works like this.
I place an order on position of 98.000 and TP 101.000, 99.000 and TP 102.000 respectively.
Same goes to sell position.
As I notice some pairs have a maximum range of 2,000 pips. Then there's an average of maybe 10 trade we will be holding on hand for long term.
For what maximum range 2,000 pips means, the price of this pair from 1996 to 2014 is ranging from e.g. 90.000 to 110.000.
And when we place a x3 or x4 TP on each 100 pip, that could be profitable in long term.
What do you think, about the SL we enter only small percentage of our account to able to hold long SL.
Just writing my idea.
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My idea basically works like this.
I place an order on position of 98.000 and TP 101.000, 99.000 and TP 102.000 respectively.
Same goes to sell position.
As I notice some pairs have a maximum range of 2,000 pips. Then there's an average of maybe 10 trade we will be holding on hand for long term.
For what maximum range 2,000 pips means, the price of this pair from 1996 to 2014 is ranging from e.g. 90.000 to 110.000.
And when we place a x3 or x4 TP on each 100 pip, that could be profitable in long term.
What do you think, about the SL we enter only small percentage of our account to able to hold long SL.
Just writing my idea.
forex bonus
Odd numbers are odd.