That is a valid point. That is why, using this strat, once I enter a position. I use a 4 hr time frame, place my S/L where the new Parabolic dot appears, and then place a limit order out, 50-60 pips from where I entered.
From looking at the charts, if you go with the higher volume pairs, this seems to be a reasonable expectation for profits. Its simple, and I don't have to stay glued to the computer
obtw, just to clarify something regarding the S/L. Say.. I'm long USD/JPY 2 mini lots. I have my S/L set based on the current position of the Parabolic dot. But I set it for 4 lots, not 2. So if I get stopped out, I immediately get placed back in the trade, this time short, 2 mini lots.
I assume others do that, and don't actually place 2 different orders. 1 to get out, 1 to get back in.
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