rbrtsha,
Have previously looked into what you mentioned but it does require the TP levels to be dramatically extended in order to be profitable. You can extend the original Mgrid levels which will reduce the multiplication of lot sizes but it does sometimes stuggle to take a profit also.
Whilst you are correct it will take longer to hit the 'Death trade' it will also mean (by extending the TP levels) there is more opportunity that more levels will be taken out and the trade will soon turn negative anyway.
Viper/Saint/Plasma
Further thoughts on this 'death trade' scenario. Im more convinced now about balancing the buys/sells at a particular comfort zone. WHY??
Becuase we just don't know which way price is going to lean. We do know eventually it will hit the TP level (within a reasonable setting) but we can't forsee when/where. We don't know if price will retrace or continue. We need to be able to take advantage of price if it does retrace and also take advantage if price continues on without digging any deeper (if possible) but somehow maintaining a constant level between the buys/sell. By weighting one side more than the other, especially when we are at our max/comfort level, we are doomed for failure if it goes against us (which ofcourse it can/will). What i propose will still end with a loss. But the entire point is to reduce that loss as much as possible without picking a side (which could result in a MUCH bigger loss if we are wrong about direction).
So again, how do you do it. Atleast with the way i described in my previous post you know exactly what you will risk per set. And that risk can be increased/decreased by adjusting your High Water Level %.
What do you guys think? Is there a way to minimise the loss more without taking a peference to a side with the large amount of lots opened?
Have previously looked into what you mentioned but it does require the TP levels to be dramatically extended in order to be profitable. You can extend the original Mgrid levels which will reduce the multiplication of lot sizes but it does sometimes stuggle to take a profit also.
Whilst you are correct it will take longer to hit the 'Death trade' it will also mean (by extending the TP levels) there is more opportunity that more levels will be taken out and the trade will soon turn negative anyway.
Viper/Saint/Plasma
Further thoughts on this 'death trade' scenario. Im more convinced now about balancing the buys/sells at a particular comfort zone. WHY??
Becuase we just don't know which way price is going to lean. We do know eventually it will hit the TP level (within a reasonable setting) but we can't forsee when/where. We don't know if price will retrace or continue. We need to be able to take advantage of price if it does retrace and also take advantage if price continues on without digging any deeper (if possible) but somehow maintaining a constant level between the buys/sell. By weighting one side more than the other, especially when we are at our max/comfort level, we are doomed for failure if it goes against us (which ofcourse it can/will). What i propose will still end with a loss. But the entire point is to reduce that loss as much as possible without picking a side (which could result in a MUCH bigger loss if we are wrong about direction).
So again, how do you do it. Atleast with the way i described in my previous post you know exactly what you will risk per set. And that risk can be increased/decreased by adjusting your High Water Level %.
What do you guys think? Is there a way to minimise the loss more without taking a peference to a side with the large amount of lots opened?
Luck is where preparation meets opportunity.......