Hello Trading friends.
I came across a new Idea for a Trading system that I am currently testing.
It may be rubbish or it may just work. I've made 20 pips so far today with it. Anyways here is the idea.
Make a buy or sell with 0.1 lots tp 10 pips.
If the market goes the other way, enter a buy or sell with 0.2 lots tp 10 pips. Close both trades. The profit will overcome the loss of the previous trade.
Start over after earning 10 pips from the second trade.
If the market goes against you after making the second trade then enter another trade with 0.4 lots and take profit when you overcome the loss and earn your 10 pips.
This strategy isn't a martingale because if the market keeps going up or down then you will always win. But if the market were to keep going up a little and then back down a little then your account would bust. We all know the forex markets are unpredictible so anything is possible.
This is just an Idea anyways. Maybe a bad one. Anybody ever tried anything similar to this?
I came across a new Idea for a Trading system that I am currently testing.
It may be rubbish or it may just work. I've made 20 pips so far today with it. Anyways here is the idea.
Make a buy or sell with 0.1 lots tp 10 pips.
If the market goes the other way, enter a buy or sell with 0.2 lots tp 10 pips. Close both trades. The profit will overcome the loss of the previous trade.
Start over after earning 10 pips from the second trade.
If the market goes against you after making the second trade then enter another trade with 0.4 lots and take profit when you overcome the loss and earn your 10 pips.
This strategy isn't a martingale because if the market keeps going up or down then you will always win. But if the market were to keep going up a little and then back down a little then your account would bust. We all know the forex markets are unpredictible so anything is possible.
This is just an Idea anyways. Maybe a bad one. Anybody ever tried anything similar to this?