Scalping 20+ trades per day

majorusa,
Have the trades over the last day been like a worst case scenario: entering about 6 times on all 3 pairs at once.
So you have to set your Lot size to account size ratio to be able to handle that. Or are you prepared for it to get a lot worse than this?
Thanks,
MTC

I am prepared for worst. Now, I stick to the two pairs left eu and gu. No new trades on AU until these trades are solved.

The room is open but prone to interruptions.

out gu 17 + 9 pips 8 addins
total on the trade 72 pips
two addins still running

Go morning majorusa

I have sent you a PM.

Yonas

out gu 05 + 22 pips two addins
total + 44 pips

I am sending you a PM

Hello.. is real trade?

here is the ea normtold

Many thanks Magicpips.

out eu 95 +7 pips 7 addins

total +49 pips on the trade

Total today + 165 pips

This week +287 pips

This month +1276 pips

What is real trade?

nerves of steel majorusa! are you off for the rest of this week?

Yonas

exit eu at 3292 (8 add ins @ 10pips each)

Thanks majorusa, I was on auto trade for the exit otherwise I may have ridden it down a bit more. Have some other items to deal with for the next few hours.

I needed that hidden SL. and TP script or EA too. Thanks for sharing it.

I am sorry for the unsuccessful start of the room but there is a lesson to be learned here:

On Monday, the power was out for more than 6 hours and then coming and going for another two hours. The laptop died after 5 hours. The iPhone is not a very friendly environment for trading - considering that usually I trade on 4 screens - but it worked. I added from the small charts of the trade interceptor so the add-ins were not always at the best spot.

When the power came back, the internet did not. I used the 3G module so everything was back to normal but had no news except the FF news. I live in an area where the 3g works fine but not at top speed so I was afraid that will lag the platform.

Now, with the land line connection fully functional things are looking better. Therefore please consider this: Never, and I mean it, never trade without a back-up.

So, in the next couple of days I will be out of the city and the room will be closed. See you on Monday. If you still cannot login send me an e-mail or a PM.

How much worse can you handle trades going against you? Do you determine a lot size compared to your account size in a specific way in order to handle it?

Thanks,
MTC

You may ask but I will not answer. Please read the first post. Tks.

Majorusa, if you open a position and add to it say 6 times, if 3 of your postitions go into profit do you ever close the winning positions and leave the others open ready to add again if price moves back?

Or do you always wait until the average price of all the open positions are profitable before closing them all?