2023-06-04 12:47:57
Follow this risk management strategy
$100-$200=0.01 lot size (Max 5 trades)
$300-$400= 0.02 lot size (Max 5 trades)
$500-$600= 0.03 lot size per trade (Max 5 trades)
$1000=0.05 - 0.07 lot size per trade (Max 6 trades)
$2000=0.10 lot size per trade (Max 7 trades)
$3000=0.15 lot size per trade (Max 7 trades)
$4000=0.20 lot size per trade (Max 7 trades)
$5000=0.25 lot size per trade (Max 7 trades)
(SL size will be 40-70 pips so adjust your lot size accordingly)
How to Trade with 3 TP?
-So if there are 3 TP
-To use trailing stop, you go to a trade that is profiting by at least 10+ pips and move the SL to entry or 5pips in profit
-Your profit is then secured
-The best way to set trades with all 3 TPs in VIP
-You only have to open 1 position for each trade, the easiest method is to place TP3 and SL, once the trades start to go up, keep moving the SL to entry and then to profit.
Another way to set trades with all 3 TPs in VIP
-When the trade reaches TP1, close half of it and wait for it to reach TP2, then close the half of the remaining trade and then let it go to TP3, if it reaches it you made more profits or it will just reach entry and you won’t lose anything as you have moved the SL.
How to Close Half and Move SL to Entry?
-Select your trade and press Close
-Reduce your Lot Size by half
-Press the Close button
-Select your trade and press Modify
-Change the SL to the point you entered the trade
All trades given are instant execution unless stated
10.5K viewsPeter Cruddas, 09:47
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