Allow the use of cookies to log in to the MQL5.com website.
Please enable the necessary setting in your browser, otherwise you will not be able to log in.
You are signed in. Two-factor authentication has been disabled. Set it up again and scan a new QR code, or continue with two-factor authentication disabled.
I'm trying to understand how to take off positions on a n/4 retrace.
Lets say I started at 1.4100, and price goes down 30 pips to 1.4070. I will use N=20 for simplicity.
This means I should have 2 longs
1 - 1.4100
2 - 1.4080
And 3 shorts
1 - 1.4100
2 - 1.4090
3 - 1.4080
Then it goes back to 1.4075, which is n/4. Which ones should I take off?