That's very helpful & thanks for your time in putting this together for me
My main worry would be the risk level aspect but I see what you are saying now - cheers
My main worry would be the risk level aspect but I see what you are saying now - cheers
Dislikedi thought i'd fill in one of the charts i mentioned to see how it could of work...on the GU money-spinner last year there 4 entries and 5 exits. all stops trailed except trend break at end where all 4 trades would be closed manually.
of course your system would be different...but pyramiding ain't so bad if you make sure your risk levels stay the same. in this case when trade 4 is filled then all stops would be at (4). pyramiding gets a bad name because, as usual, most people screw up the MM and blow their accounts in the process.
the key to all this is when to know when you've hit a home run. for me it's trendlines, for you it's something different. but however you do it, that's when you nail your payday...
hope this helps...Ignored