Scaling in - no stop loss (Scaling in - no stop loss) - MT4/MT5 resources
This strategy is difficult to pull off for one man in Amsterdam, who claims to have had great success with his trades.
Due to withdrawals, you need a large account. (Also stealing the ball)
Open the 1 hour chart and see if the last 2 days were bullish or bearish. If bullish then buy, if bearish then sell.
Let's say it stays bullish.
Buy 0.1 lots and take profit after 3 points.
Add a pending buy limit order after a 5 pip retracement (target 5 pips), then a 10 pip retracement (target 10 pips), then a 10 pip retracement (target 10 pips) and a 20 pip retracement (target 20 pips). Continue adding buy limit orders every 20 pips. (Significantly reduced)
If the target price of any limit order is reached, the limit order is re-entered.
(see picture)
TP is always at the next level. So, let's say you are at -105 pips (level 6) and you break level 6 (+40 pips) three times, you will make a profit of +15 pips and can close all open positions.
The retracements can be thousands of pips, but since you keep adding and selling, you can avoid huge retracements.
My friend claims that he has been doing this for many years and has lost over 1000 pips on two occasions
Get feedback and ideas by sharing.
Due to withdrawals, you need a large account. (Also stealing the ball)
Open the 1 hour chart and see if the last 2 days were bullish or bearish. If bullish then buy, if bearish then sell.
Let's say it stays bullish.
Buy 0.1 lots and take profit after 3 points.
Add a pending buy limit order after a 5 pip retracement (target 5 pips), then a 10 pip retracement (target 10 pips), then a 10 pip retracement (target 10 pips) and a 20 pip retracement (target 20 pips). Continue adding buy limit orders every 20 pips. (Significantly reduced)
If the target price of any limit order is reached, the limit order is re-entered.
(see picture)
TP is always at the next level. So, let's say you are at -105 pips (level 6) and you break level 6 (+40 pips) three times, you will make a profit of +15 pips and can close all open positions.
The retracements can be thousands of pips, but since you keep adding and selling, you can avoid huge retracements.
My friend claims that he has been doing this for many years and has lost over 1000 pips on two occasions
Get feedback and ideas by sharing.
📦 Summary of post attachments (2)
Below are all the files (2) shared in the reply.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •