Do we follow the same rules when volatility is high?
I also took one winning long trade today and one yesterday plus I have one loosing long position from yesterday (E/C 1.5896). If we don't reach that level in about ten days, then am I just looking to get out with overall profit? This is the part I'm having most difficulties with, the pullbacks don't win enough to cover one big looser...
I don't want to pretend that I know, but I'm here on the thread to learn.
The idea of the system is if you start a trade with a hedge position and that comes to be a loser, to open another position after about 40 pips/ 0,25% difference. If you keep doing that according to the table below, then you would accumulate your losses through eventual wins of let's say the third or fourth position, and you'd try going on accumulating by always re-entering or opening new positions.
If you took a short yesterday at 1,5896 then you'd have three positions open by now, 2nd at 1,5856, 3rd at 1,5815, and you'd open the 4th at 1,5735. each position you'd close at a 40 pip distance from its entry.
According to the price momentum / volatility the distances could vary to 60 pips or more, instead of 40 difference.
Short trades should be closed after eleven days because of the negative interest, that's how I've read it on the thread. Long positions are to be held.
That's at least how I understand the system and the table below and how I am live forwardtesting it, apart from a few other mistakes I make, and other things that are still unclear to me.
Regards
1lot -0.25( or +0.25 of course) – Exit half at 0.00, other half close to +0.25
lot 2 -0.25 – Exit on 0.25 pb/ re-enter at -0.50 from previous exit
lot 3 -0.25 – Exit on 0.25 pb/ re-enter at -0.50 from previous exit
lot 4 -0.50 exit 0.25 pull back (pb) - re-enter at -0.50 from previous exit
Note: If first 4 entries in and no pullback then delay lot 5 until -1.0 not -0.50
Exit on -0.50 not -0.25and re-enter on -1.0 from previous exit
lot 5 -0.50 exit 0.25pb – re-enter at -0.50 from previous exit
lot 6 -1 exit 0.50 pb – re-enter at -1.00 from previous exit
lot 7 -1 exit 0.50 pb – re-enter at -1.00 from previous exit
lot 8 -2 exit 1 pb – re-enter at -2.00 from previous exit
lot 9 -2 exit 1 pb – re-enter at -2.00 from previous exit
lot10 -3% double lots exit 2pb -– No re-entry, just hold until pb
