Let's go where the price goes (let's go where the price goes) - MT4/MT5 Resources
Hello everyone!
I want to share with you an idea about trade that is not new and it is not mine.
The idea is to follow the price he wants and increase the position with the trend
A system based only on price, no indicators, no timetables
See pictures:
The idea is to open many pending orders with a buy stop above the price and a sell stop below the price. The distance between the orders can be 20, 30, 40 or whatever number of pips you want.
Whenever a pending order is reached, we open two new pending orders, with the buy stop at the top and the sell stop at the bottom.
There is no predetermined take profit, stop loss is the distance between pending orders.
Each time the price reaches a new level we place the previous order at the breakeven point, each pending order has its own breakeven point rather than the last level's breakeven point for all orders.
Money management is paramount, with this system we can have up to 100 open orders and accumulate many small losses.
Withdrawal can be x points, x% of the account, or simple (when you think that's enough for you).
I want to share with you an idea about trade that is not new and it is not mine.
The idea is to follow the price he wants and increase the position with the trend
A system based only on price, no indicators, no timetables
See pictures:
The idea is to open many pending orders with a buy stop above the price and a sell stop below the price. The distance between the orders can be 20, 30, 40 or whatever number of pips you want.
Whenever a pending order is reached, we open two new pending orders, with the buy stop at the top and the sell stop at the bottom.
There is no predetermined take profit, stop loss is the distance between pending orders.
Each time the price reaches a new level we place the previous order at the breakeven point, each pending order has its own breakeven point rather than the last level's breakeven point for all orders.
Money management is paramount, with this system we can have up to 100 open orders and accumulate many small losses.
Withdrawal can be x points, x% of the account, or simple (when you think that's enough for you).
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