Updated pending orders... 
- #22
- Sep 11, 2024 9:39am Sep 11, 2024 9:39am
At the moment, three pending orders have been activated: EUR/GBP, GBP/USD, and AUD/USD. I'm currently risking 2.69% of my capital on these trades. I've postponed the remaining pending orders until these new positions develop further. At this stage, it's crucial to be patient and trust the setup. Remember: risk management is everything.
AUD/USD: stop adjusted to secure profit and risk reduced to 1.76% on the other two pairs, EUR/GBP and GBP/USD. Now, it's a matter of waiting a bit longer...
AUD/USD: stop adjusted to secure profit and risk reduced to 1.76% on the other two pairs, EUR/GBP and GBP/USD. Now, it's a matter of waiting a bit longer...
- #27
- Sep 17, 2024 9:02pm Sep 17, 2024 9:02pm
Here are the updated orders: {image}
- #40
- Sep 26, 2024 7:20am Sep 26, 2024 7:20am
Hello, several questions that arise, if you can clarify. I see that you place pending orders with SL and TP, but live it seems that the TP is not a fixed stop, but rather that you let it run? What do you base a SL that is wider than the TP, for the sake of managing the TP and soon moving the SL to BE? In the worst case, do you leave the SL where you placed it in the pending order if the price does not go in favor until it takes you out? Thank you
Hi Gerval, in all my pending orders I don’t set a take profit, only a stop loss, with a risk of 1% or, at most, 2% of my capital. I enter on the H4 chart and wait for the moving average to appear on H1. Once the moving average shows up, I ride it until I exit. Sometimes I can stay in the trade for a few days and get a good return, as was the case with AUDJPY.
What do you base a SL that is wider than the TP, for the sake of managing the TP and soon moving the SL to BE?
I use this moving average to exit, it belongs to another strategy and is integrated with a series of other indicators, but for me, the entry seemed too late, so I decided to use only this moving average to exit my trades and use Fibonacci for earlier entries. But if you want to understand the other strategy, here’s the link >>> https://www.forexfactory.com/thread/...py-re-invented
In the worst case, do you leave the SL where you placed it in the pending order if the price does not go in favor until it takes you out?
I always wait for the moving average to appear. When it does, I'm usually already in profit or at breakeven. In the worst-case scenario, it will have greatly reduced my risk, but the good thing is that it always shows up.
I place pending orders on the main currency pairs. Sometimes they get triggered quickly, and other times they take longer to enter the trade. Once they’re triggered, I check how much of my capital I’m risking, and if it’s between 1% and up to 2%, I leave the other pending orders in their respective positions. However, if more orders are triggered and the risk exceeds that percentage, I remove all other pending orders until my stop is in profit or at breakeven. Once the market moves and I move the stop into profit, I reposition my pending orders in their respective places. This way, I can achieve healthy growth and let compound interest work in my favor.