Sweet, if you can manage them all and have the resources to handle drawdowns on most (if not all) of them, why not? I take it you are probably getting assistance from robots and/or ea(s). Obviously you can pair up a few correlated pairs to hedge the drawdowns, but then you are also hedging your profits.
Either way you cut it, it comes down to having a good system (or systems) in place and your management of them. You have to be able to adapt as well.
in this post i wanna set the orders and gradually talk about the rules
lets start with EURUSD
sell limit orders
entry 1.4145 - 1.4110
sl 1.4190
tp1 1.4070 tp2 1.4030 tp 3 1.3945 tp4 free
as you can see there is no time and we left behind the market so first of all, let me put all positions and then we can have discussion about it
GBPYEN
EURYEN
I have also decided to monitor 15 pairs and trade them when ever opportunity arises based on pure price action.
But i have decided to trade on weekly and monthly basis- 1 trade per week per pair to avoid overtrading.
Ignored
you are right, but we do it for years,and we trade in this way, and also we have weekly and monthly trades plans.
i had great result with this system of trading, i am sure it could be usefull for others too.
Sweet, if you can manage them all and have the resources to handle drawdowns on most (if not all) of them, why not? I take it you are probably getting assistance from robots and/or ea(s). Obviously you can pair up a few correlated pairs to hedge the drawdowns, but then you are also hedging your profits.
Either way you cut it, it comes down to having a good system (or systems) in place and your management of them. You have to be able to adapt as well.
Good luck.
Ignored
thanks for your comment
but there is no any hedging system. we put the orders for catching the trend, but if the market goes oppose of what we thinking, in the place which the main orders stopped out, the reverse orders going to make up the losses. you can have great result in a long term
just stop and reverse
i will tell the rules of this method of trading as soon as possible
9 orders a day? Can you focus on this many orders per day? Have you determined the correlations with these currencies and other pairs? Do you have stop-losses and risk management parameters set?
Please! Protect your money and respect risk and the market.
If I could suggest, start with 1 currency pair and as soon as you master it, work your way to other pairs.
I am a currency day-trader and stock swing trader and I can attest to the fact that if I ever trade too many markets or divide my interests, I almost always get crushed...bad. I've learned to stick with EUR/USD and maybe a stock ETF.
as you can see there is no time and we left behind the market so first of all, let me put all positions and then we can have discussion about it
GBPYEN
EURYEN
Ignored
unfortunately except one order (last order) the three other order weren't activated. so that's the point which i set 4 order instead of 1.
and just with this one activated order we gain about 70 pips profit.
and till now GBPYEN 30 EURYEN 70 USDCAD 30 pips
so sweet
GOOD Luck
thanks for your comments
but it is the way i make money and as i told it earlier i do it for years .the important subject is i pay much attention to money management. but i didn't talk about it yet and as soon as possible i will talk more about rules and money management
first of all i just wanted to show you how powerful is this strategy. and in the next step i'm going to explain the way of trading with this strategy.
GoodLuck
AUDUSD hit the first tp
unfortunately except one order (last order) the three other order weren't activated. so that's the point which i set 4 order instead of 1.
and just with this one activated order we gain about 50 pips profit.
GBPUSD and USDCHF are in proftit but i do not close the orders till the market hit the first tp of each pair
today we gain profit from all the pairs (till now) but maybe it dose not happen every day.but as i told you earlier, i believe it that in long term, we will have great positive result
Good night
