And now to the Strategy B......
By
tymen1 at 2009-02-23
At first look, this seems the same as the standard Basic level.
But when you look further, it is not.
Description
Only 1 amount is entered at the beginning.
Then, 10 pips into profit, a 2nd amount is entered.
The stop loss is
immediately moved to the 1st amount entry point.
Results
If the profit target is reached it will be reached with 2 amounts, that is, maximum profit.
If it backfires, you will lose 1 amount of 10 pips.
The Advantage
The stop loss at the very beginning is for 1 amount only.
The take profit is for 2 amounts.
In that way you have firmly increased the risk/reward ratio.
Final Conclusion
Strategy A is designed to increase the win/loss ratio.
Strategy B is designed to increase the risk/reward ratio.