Question
Phil -
In commodities this type of future orders is called a straddle but I believe forex considers it a hedge and this is being banned by the NFA. Am I correct on this? I suppose one could just note or draw lines at the 10 pip above and below and enter an order when one is hit, assuming one is not sleeping at the time. Maybe an audible alert could be used for this.
Any comments would be most welcome as this is a simple strategy anyone could use and I'm going to set up an IBFX demo and try it. Thank you. d
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