I have tried:
1. Averaging against the trend with 1x, 1.5x, 2x, 10x and any you can imagine
2. Both side grid
3. Reverse with double or any multiplier
4. Add X on every level
Averaging works only on ranging market. If the market is trending it will smash you. Reverse the trades workd great on trending but will wipe you out on ranging. The problem is that it is impossible to predict 28 pairs movements.
And you always forget about fees, slippage and spread. But the results can vary more than 30%! It is not 0.1% or even 1%.
For example 1 point = 1$ and the commission for 1 lot is 5.5$
Then if you have -100 points loss it is not -100$, it is -105.5$ at least.
Then if you add 10 lots more, then your loss will be >1600$ and 5 such a trades will just wipe you out not because some of them will be in loss, but because you will run out of your margin!
You better open excel and try everything first. It is not so complicated.
1. Averaging against the trend with 1x, 1.5x, 2x, 10x and any you can imagine
2. Both side grid
3. Reverse with double or any multiplier
4. Add X on every level
Averaging works only on ranging market. If the market is trending it will smash you. Reverse the trades workd great on trending but will wipe you out on ranging. The problem is that it is impossible to predict 28 pairs movements.
And you always forget about fees, slippage and spread. But the results can vary more than 30%! It is not 0.1% or even 1%.
For example 1 point = 1$ and the commission for 1 lot is 5.5$
Then if you have -100 points loss it is not -100$, it is -105.5$ at least.
Then if you add 10 lots more, then your loss will be >1600$ and 5 such a trades will just wipe you out not because some of them will be in loss, but because you will run out of your margin!
You better open excel and try everything first. It is not so complicated.
Observer effect