DislikedZebulon, i'm a bit lost on d evaluation method. Care to explain further?
Now it is approaching 1.6500.
1st position : short @ 1.6600 , SL moved to 1.6600 from 1.6650 (0 risk)
2nd position : short @ 1.6550, SL still @ 1.6600 (50 pips risk)
No TP set for both position yet.
Now, should we put another sell order @ 1.6500?Ignored
The price went down to 1.6550, so we have moved the SL from 1.6650 to 1.6600 . But we have still 1 lot.
When the price went up to 1.6600 we are stopped (Break even).
But i consider the last trade is a loss. So we are trading with 2 lots :
i place a buy order (2 lots) at 1.6550 (playing the range) with SL = 1.6500 and TP = 1.6600
I place 2 other buy orders (1 lot + 1 lot) at 1.6650 (playing the trend).1 lot with SL = 1.6600 no TP, 1 lot with SL=1.6600 and TP = 1.6700
I hope this could help !
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