This trade is based on Strategy 3.
My aim is to earn 40 pips.
Money Management is very important. Don't risk more than 1%.
Rules:
1. Place both buy stop & sell stop orders
2. TP 40 pips & SL 80 pips
3. If one of the orders gets triggered closes with profit then delete the opposite order.
4. If one orders gets triggered the base line becomes your new opposite order - very important - Say your buy stop order triggered then your new sell stop order is at the base line.
Result:
1. You will earn 40 pips & delete all pending orders.
2. You will lose 80 pips one & make 40 pips on the other = -40 pips.
3. If your sell goes against you & buy stop triggers & then turns back (without hitting TP), then you sell order is already present. So if your sell order reaches TP then Buy will be on lose = -40.
4. Either you will earn 40 pips or lose 40 pips.
Trades must expire at midnight.
My aim is to earn 40 pips.
Money Management is very important. Don't risk more than 1%.
Rules:
1. Place both buy stop & sell stop orders
2. TP 40 pips & SL 80 pips
3. If one of the orders gets triggered closes with profit then delete the opposite order.
4. If one orders gets triggered the base line becomes your new opposite order - very important - Say your buy stop order triggered then your new sell stop order is at the base line.
Result:
1. You will earn 40 pips & delete all pending orders.
2. You will lose 80 pips one & make 40 pips on the other = -40 pips.
3. If your sell goes against you & buy stop triggers & then turns back (without hitting TP), then you sell order is already present. So if your sell order reaches TP then Buy will be on lose = -40.
4. Either you will earn 40 pips or lose 40 pips.
Trades must expire at midnight.
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