Never say never.
Dumb noob searching for trading system... 14 replies
My dumb question ( What is a EA?) 5 replies
VT Dumb Syntax Questions 4 replies
DislikedFor MPP,
and anyone else interested here is the link to Pascals triangle...for position sizing and mm...
http://www.forexfactory.com/showthread.php?t=62066Ignored
DislikedIve been thinking about this getting knocked out so quickly business...and I was thinking about doing a kind of a continual system, so that you would do the original trade plus two add ons, then a bit farther up (or down) start again...so your first trade would start off with the 56 sl
add on at +28, sl pulled up
2nd add on at +21 sl pulled up again, first in guaranteed profit, second at breakeven and third with small downdraw...and THEN
new trade,
first posi sl 56
add on at +28 sl pulled up....
etc
Comments?Ignored
DislikedIntially the idea is good, in any sequence after three positions are taken the risk is reduced to Zero/BE, therefore you can start again. the risk is when to enter, if we enter while the ther sequence is running we risk cleaning out both sets of trades on a retracement.
there needs to be some kind of practice to apply that would guide us on entry, Ma's, candle patterns etc, not sure YOU WORK IT OUT.LOL
as an example the EU like's the 5ema and will either sit and wait for the ma to catch up or retrace to it, can't access charts at the moment so will post and example tomorrow. this could then be used with your normal methods of deciding direction etc. but remember we need to KISS it, i can't think to deeply and get eaily distracted by pretty patterns.Ignored