I do not believe in placing hard stop loss on chart,i do have mental stops when and wherever i can be present in front of computer.so many times the trades go against us but i have experienced that they come back if we are following the Weekly trend(top down)approach.
i was reading this pdf manual and i could relate that this is exactly my style of trading,if someone can make this EA ,it will be useful for traders like me.
The Recovery system Nanningbob's Recovery system is based on this very simple principle: no matter how far a market moves, it will retrace eventually. As I often put it, “Dem markets dey go up, den dey go down again, den dey go up again, den..........”
So, rather than insert a conventional stop loss and crying when it is hit, Recovery allows you to ride the move against you and enter with additional trades when the moment is right. There are many forms of this but a lot of professional :traders use 1.1.2.4
In Nanningbob-style trading, we talk about trades at Level 1, Level 2, Level 3 and Level 4. Level 1 is the initial trade. Levels 2, 3 and 4 are Recovery trades. The digits in the 1.1.3.3 and 1.1.2.4 refer to multipliers of the initial lot size So: • in 1.1.3.3: ◦ 1 is the L1 trade (Level 1 or initial trade) at your chosen lot size ◦ 1 is the L2 trade at your chosen lot size ◦ 3 is the L3 trade at your chosen lot size x 3 ◦ 3 is the L4 trade at your chosen lot size x 3
• in 1.1.2.4: ◦ 1 is the L1 trade (Level 1 or initial trade) at your chosen lot size ◦ 1 is the L2 trade at your chosen lot size ◦ 2 is the L3 trade at your chosen lot size x 2 ◦ 4 is the L4 trade at your chosen lot size x 4
There are so many generous and intelligent coders and programmers here.I would request them to take this project because im not a coder and i would like to use this system.
Happy and Green Pips,May red zones recover with green zones!
i found this EA in commercial content.
https://www.forexfactory.com/showthr...63253&page=110
i was reading this pdf manual and i could relate that this is exactly my style of trading,if someone can make this EA ,it will be useful for traders like me.
The Recovery system Nanningbob's Recovery system is based on this very simple principle: no matter how far a market moves, it will retrace eventually. As I often put it, “Dem markets dey go up, den dey go down again, den dey go up again, den..........”
So, rather than insert a conventional stop loss and crying when it is hit, Recovery allows you to ride the move against you and enter with additional trades when the moment is right. There are many forms of this but a lot of professional :traders use 1.1.2.4
In Nanningbob-style trading, we talk about trades at Level 1, Level 2, Level 3 and Level 4. Level 1 is the initial trade. Levels 2, 3 and 4 are Recovery trades. The digits in the 1.1.3.3 and 1.1.2.4 refer to multipliers of the initial lot size So: • in 1.1.3.3: ◦ 1 is the L1 trade (Level 1 or initial trade) at your chosen lot size ◦ 1 is the L2 trade at your chosen lot size ◦ 3 is the L3 trade at your chosen lot size x 3 ◦ 3 is the L4 trade at your chosen lot size x 3
• in 1.1.2.4: ◦ 1 is the L1 trade (Level 1 or initial trade) at your chosen lot size ◦ 1 is the L2 trade at your chosen lot size ◦ 2 is the L3 trade at your chosen lot size x 2 ◦ 4 is the L4 trade at your chosen lot size x 4
There are so many generous and intelligent coders and programmers here.I would request them to take this project because im not a coder and i would like to use this system.
Happy and Green Pips,May red zones recover with green zones!
i found this EA in commercial content.
https://www.forexfactory.com/showthr...63253&page=110
