DislikedSimple, Beautiful thank you sunshine =) It really fits you forum name, great personality, generous and patient like a master =) Do you mind explaining how do you stack orders/pyramid? Because if adding orders it will cause a DD so have to be careful with this technique, correct? I want to learn proper way to do itIgnored
if i'm trading quite a lot on all of my pairs then i will stack only conservatively, in other words i will stack only after the next bar completed favourably, but i will 1st move the SL to lock-in gains.
some days i will just let the probe run without stacking or entry into new trades in other pairs.
NB: before u can implement or think about stacking, i advise and recommend to fully understand the strategy first and use a comfortable or smallest trade size in order to avoid trade stress and pressure.
let your initial probe run until u get an exit signal...than obviously u should exit...now void jumping into another trade in the same par straight away.
lastly, if u follow a strategy, say u trading W+4hrs, then u got to be able to take every 4hr entry signal in your chosen pair...choose 2 pairs in the beginning in order to increase focus...sometimes u will get 3 losses or more in a row...will u be able to still beieve in the method ??? as u may have seen from yesterdays 4 buy trades in the GBPAUD as illustrated in posts before this, the first 2 trades resulted in a loss but the 2nd buy trade and the 3rd buystop entry paid of handsomely.
...if your trade size is small then DD does not become an issue.