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No SL No Leverage Strategy - working so far

  • #1,001
  • Edited 4:57am Aug 2, 2020 4:32am | Edited 4:57am
Quoting T4Trade
i have same number of buys and sells,so the account is locked,i dont know what to do next.
Simple, close a buy trade and a sell trade, if both in profit. So your margin level is nearly untouched. Do it so long if you have most trades reduced and if you can live with the loss.

Another option is to increase capital and trade from now on, with a clear system. Cut loss if you have made enough profit, that you came out at break even or a loss you are fine with.

How many lot have used for each side? Better you have the same on every side.
Perfection is the enemy of good enough!
  • #1,002
  • Aug 2, 2020 9:50am Aug 2, 2020 9:50am
Quoting MichaelSch
{quote} Simple, close a buy trade and a sell trade, if both in profit. So your margin level is nearly untouched. Do it so long if you have most trades reduced and if you can live with the loss. Another option is to increase capital and trade from now on, with a clear system. Cut loss if you have made enough profit, that you came out at break even or a loss you are fine with. How many lot have used for each side? Better you have the same on every side.
i dont want to add funds,i cant add funds,i have to manage with this. if i will close buy trades and what if the price reverses? buy trades are very small lots,so closing buy will not help.buy and sell both are 2 lots each.so it is locked.thanks for assisting.
  • #1,003
  • Aug 2, 2020 10:41am Aug 2, 2020 10:41am
Quoting T4Trade
{quote} i dont want to add funds,i cant add funds,i have to manage with this. if i will close buy trades and what if the price reverses? buy trades are very small lots,so closing buy will not help.buy and sell both are 2 lots each.so it is locked.thanks for assisting.
My English is not good. I was in same situation, margin call near. I open opposite trades to have margin for building new trades. I closed fast as possible one sell and one buy trade at same time. Both are was green. In the end I was with small positive out of all after closing the rest. This cost me more as one year to recover this nonsense and learned that lesson for sure.

What means locked? Can you not enter new trades?

If I take your picture, I would fast search for a short opportunity., if you have more buy lots in the run. Keep it balanced and decrease running trades to the point you accept the overall loss or wait for nearly break even. And never again make such a mess.
Perfection is the enemy of good enough!
  • #1,004
  • Aug 2, 2020 11:26am Aug 2, 2020 11:26am
Quoting Davit
Good luck.You are learning losing habits. I rather not make money then learn terrible habits that eventually will wipe your account clean. My advice learn to trade properly. Here is my method which is combination of similar methods I went 8-0 my last 8 wins 5EMA 12 EMA 21 RSI and my favorite TDI My chart is self explanatory.I drew red lines when trades were taken. I place 1/2 order and after 10pips place another 1/2 and if it goes further my way I place another smaller amount.I close one by one depending how trade goes.Idea is by placing 1/2 order...
hello Davit, this chart looks neat and simple, can you share your indis and setups with your template? thank you.
  • #1,005
  • Last Post: Aug 2, 2020 1:39pm Aug 2, 2020 1:39pm
Quoting kittyw
Hi Nacho, What I really am very very interested to know is, where can on open an unleveraged forex account with OK spread (like max. 30-40pips per trade and not a few hundred pips)??? Thank you so much for a tip. Best regards, Kitty
Hi, how is this working for you?
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