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,
It is a martingale with a second order @ the pullback.
Read about the Eliott Wave theory.
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