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Yeah, now the course has gone backwards by just a few pips and the profit is gone. In other words, if you don't close in time, you're screwed :(((( You have to exit on time again.... And the profits are coming in through the nose. If we go with the trend, we get the right orders, and others eat up half of the profit, and when the rate goes in the other direction, that's it.... ((((. But I'm thinking of doing something about my strategy. It could make a lot of sense....
it is not quite clear when the whole bed needs to be closed????
Ran it in the tester, it's losing more often than it's picking up. It all depends on the price trajectory. In other words, it all comes down to "predictions" again.)
I argue that even if the system does not go beyond the orders and turns around, we will very quickly fall back to the initial level of balance, or even below it. We need to organize "Breakeven Trailing" that is to set the level of losses so as not to fall below the balance, I understand it somehow, and so ....... the trend will turn around and it will be hell, and you have a lot of positions open in the other direction. It's a total mess. We need to think about an exit.....
By the way, the first 2 levels (closest to the price) are useless at all. If both are triggered at once, they only eat up 4 spreads.
That is why they can be at least placed at a minimum distance from each other, otherwise the price just idly walks these two levels without any profit.
Besides, we are asking to close these pairs using CloseBy. It would be a saving of 1 spread on each.
But it would be if the whole idea was working of course, but it is not worth wasting time IMHO.
Yeah, now the course has gone backwards by just a few pips and the profit is gone. In other words, if you don't close in time, you're screwed :(((( You have to exit on time again.... And the profits are coming in through the nose. If we go with the trend, we get the right orders, and others eat up half of the profit, and when the rate goes in the other direction, that's it.... ((((. But I'm thinking of doing something about my strategy. It could make a lot of sense....
It doesn't work at all) You shouldn't, dear TC is denying the obvious.
I recommend to check for yourself and make sure my words are correct.
It's not that we close early, the price went one way to the end and even further, selected all orders, closed something. The price was not in the black and went further.
We do not know when the price will decide to go back and use the lower orders. Maybe, it will come back in a year. The fact that it will profit on the remaining orders is not a guarantee since it has "eaten" and lost profit on one side.
I meant the first 2 levels - the ones on both sides of the price. I must repeat, the price does not always move as we intended it, quite often it bumps out exactly those 2 orders at once before it moves in any direction.
In general, as I said before, there are a lot of price trajectory options, and it's all alchemy to try to predict its movement.
Thank you very much - it really is a highly profitable grail. I am amazed at your inexhaustible energy and creativity, you are a real creator of new profitable strategies. I wish you further success in the forex market.
That's kind of how you got it so...banged up???? What the fuck is a high margin strategy? I don't see it.