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Have you not counted what is written on my picture ? + 40 ppts with locks fixed or - 40 ppts on the stop.
I calculated everything a long time ago. And I urge you to do it again.
This " Next at the place of the red arrow "open lock" should have opened a buy trade and closed it at the place of the blue "close buy"." is a guessing trade.
No strategies, no rules, no discipline...
Have you calculated what is written in my figure? + 40 pips with locks fixed or - 40 pips on stop.
According to your drawing without locs, it will be the same:
1. First red arrow 'Locked': Recorded a loss of Buy X pips.
2. Second red arrow "Sell +10 pips": Opened Buy.
3. "Closed Buy + 30 pips" mark: closed Buy with a profit of X + 40 pips.
Everything is the same - two trades, only with lots it is Buy+Sell, and without lots Buy+Buy.
It's "Next, at the place of the red "open lock" arrow, you should have opened a buy trade and closed it at the place of the blue "close buy" arrow." this is trading at random.
There's no strategy, no rules, no discipline...
No strategies, no rules, no discipline...
Someone else explain it to me... and I'm tired already.
You don't have to explain, I'll sign off, and I'm tired too...
There it is - an epiphany! )) That's exactly what they're telling you. With lots you have imaginary rules - levels for opening deals. We remove these levels, and the rules disappear.
Rules cannot disappear from a trading strategy.
You don't have to explain, I'm writing it off, and I'm tired, too.
Rules cannot disappear from a trading strategy.
Bullshit. If the TS is profitable and "knows" when to open the lock, it "knows" where the price will go. And if it knows the direction of price movement, then why should we place the lock?
No one knows where the price will go. And the lock can be a part of the strategy, for example, of the position widening.
Besides, it is also a matter of psychology. It is psychologically much harder to re-enter a position after the stop.