lotsize based on the Percentage of equity to trade Percentage of equity. Another important thing is to not end up with too many open buy and sell positions as you may eventually run out of margin. BreakEven (pips) - when the price moves away from the opening price this distance in pips, the EA will set/move the stop-loss at the Bid-BreakEven distance (for long trades) or AskBreakEven (for short trades). Company was scheduled to repatriate some profits earned in Europe it could hedge some, or part of the expected profits through an option. I have entered example trade parameters below each heading just for demonstration purposes; it wasnt an actual trade that I took, although it was a good price trading action setup.
the forex ebook pour les débutants forex trading technique below is esome. Enable Hedging - whether or not to enable hedging Hedging is opening of opposite type of trades, used to counter losses from a losing trade. The second nonlagma indicator is used to enter - and if the trader chooses so, to exit - a trade. What should my trading journal include and how do I make one? The power of risk reward and money management will become glaringly evident to you as you look over your trading journal after a few months. The reality of Forex trading is that at some point on your journey of learning how to trade, you absolutely have to figure out a way to become a disciplined and organized trader, otherwise you simply will not become successful in the markets. This Metatrader expert advisor is similar to the Fluid expert adviser and its main functions are basically the same. If ever your stop loss is hit and the new order has not been triggered because price has reversed, place this new order on the opposite side, where price is now headed towards (in this situation you will have both a buy stop and sell. Entry B / S: Here you enter whether you bought or sold and record the specific level/price you entered. Exit date: Date the trade closed. Finally, as we discussed in last weeks article about a day in the life of a pro trader, your trading should be a routine.
Grid level (pips) - the distance between the trades of the same kind (the grid trades). Possible Risk: How much money can you lose on the trade?