I will like to share a thought on multiple entries. If based on your risk management you have decided that for a particular trade you are willing to trade 1 lot and willing to enter in 5 entries or more, to determine the spacing between your entries you divide 1 by 5 and multiply by 20 day ADR (assume its 70 pips) i.e (1/5* 20 day ADR) which is 14 pips. Hence, the distance between your entries will be 14 pips.
NB - You can use any no of days ADR you are comfortable with.
I hope someone finds this useful.
Green pips all.
NB - You can use any no of days ADR you are comfortable with.
I hope someone finds this useful.
Green pips all.
D labour of a fool wearieth him cos he doesn't know how to enta d city
5