Quote:
Originally Posted by Simy
I prefer to do what I was told is best to do reguradless of your account size and thats playing the percentages. If your stoploss is say 20 pips, and you expect a 40 pips profit, you would get 2* what you risked. for 150 pips you need atlest 300 pips to get double what you risked. Granted my trades dont always work that way, I just closed a trade that got 70 pips profit with a 10 pip SL, and I've also had some trades that had lets say 20 pips SL with 10 pip profit.
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You are doing well here.
2 ratios to consider...........risk/reward which at worst is 1:1.
And win/loss ratio...........gathered after many trades.
As long as both are +ve you will be ahead always.
2 lots (multiple lot) trading has the powerful ability to produce these results when single lot trading produces nothing but losses.
To save me doing a lot of typing, have a careful read of the following hyperlink. I believe you will gain much.
Using Multiple Lot Positions To Improve Trading FX