Disliked{quote} assume your O=D=10 pips and Conditional amount is 100 pips . . . and you choose: BL) price first must go up 100 pips, then start to place orders each drop of 10 pips SL) price first must go down 100 pips, then start to place orders if price goes up each 10 pips BS) price first must go down 100 pips, then start to place orders if price goes up each 10 pips SS) price first must go up 100 pips, then start to place orders each drop of 10 pipsIgnored
TRADEWISE: I am curious to explore the consequences of ALWAYS using a combination of normal BL/SL and BLC/SLC scenarios concurrently for maximizing profits in case a (sharp) price reversal occurs due to market conditions (such as RED news release, or otherwise).
Scenario 1: Would it be a good idea, for instance, to place 1BL+1SL PLUS 1BLC+1SLC at the same time so that
A) if BL order does not get triggered (i.e. the price doesn't go down enough by the assumed 100 pips), SLC order would be triggered, and
B) if SL order does not get triggered (i.e. the price doesn't go up enough by the assumed 100 pips), then BLC order would be triggered
Does such a scenario make sense (please correct as I may be using the wrong combinations here)??
Cheers
Common sense is not so common!
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