DislikedHI dimdel the green candle ( 2015-10-20 on eurusd chart) is a loss because the precious candle was red we take a buy order at the open day and because the market hit the stoploss ( 50 pips ) you lose $0.05 X 50 = $2.50 ( dont forget in the example I use nanolot) the next candle I take position with a buyorder ( the previous days was a green..)... and i lose at the end of the day ( close is lower then the open) because you add 1 more lot at the initial lot , your lost are (2X0.05) X ( open - close) around 10 pips= $1.00 and today you are in the market...Ignored
so
maybe is better no fixed lot but fixed %
i mean risk every order 0.2% and you double after lose order,
its too rare 8 loses in row ,
so max risk in rare bad senario - 25% ( 0,2/0,4/0,8/1,6/3,2/6,4/12,8/25,6 )
in this way you dont care about how many pips is the SL, bcz risk ever 0,2% ( in 10 pips or in 10000 pips,) , just put the diff lots
dim