DislikedHello everybody i have a problem with this is strategy i am working with 4 pairs (ُEUR.USD/USD.CHF/GBP.USD/USD.JPY) and put my orders in the high and low and target is 30 pips only and the stop in buy one is the low and in the sell one is high and it is stall hit stop loss in some Lucky's weeks i earn 120 pips daily but now i can not get 60 pips what am i doing guys ?Ignored
I would say there are at least two different issues here. FIrstly, we are currently in a more ranging market and lesser liquidity due to the time of year. Secondly, I do not understand why you would trade both EU and UC in this manner. As they are almost perfectly negatively correlated if you go Long one then chances are you will go Short the other. At the same time if you lose on one then you will lose on the other as well. You may have been winning on both of them before but either way you are both doubling your wins and doubling your losses by trading EU and UC. So if you won 30 on both EU and UC before when you should have only won 30 on one of them you may be losing 30 on each of them now. It is raising your winners by an extra 30 but also deepening your losses by an additional 30. So perhaps you should have been getting about 90 before instead of 120 and you should be getting 90 now instead of 60. In that case, nothing has changed just that the correlation is now harming you.