Jans Garkavi:
Hi Traders,
Cut story short: my history showing that majority of trades which went down 20 pip or more are still hitting TP afterwards!
Great! So I would like to open second position (when 20 pip in loss) with same SL, same LOT size, same TP or may be @ Entry Point of original trade.
Is there a name for this strategy or maybe even EA's to perform this??
Thanks in advance,
Yan
It is a martingale with a second order @ the pullback.
Read about the Eliott Wave theory.
Hi Traders,
Cut story short: my history showing that majority of trades which went down 20 pip or more are still hitting TP afterwards!
Great! So I would like to open second position (when 20 pip in loss) with same SL, same LOT size, same TP or may be @ Entry Point of original trade.
Is there a name for this strategy or maybe even EA's to perform this??
Thanks in advance,
Yan