Traders Laboratory - View Single Post - OzFx System :) 100-800 Pips Per Trade
View Single Post
  #39 (permalink)  
Old 03-02-2008, 11:48 PM
OzFx OzFx is offline
OzFx has no status.

 
Join Date: Feb 2008
Posts: 61
Thanks: 0
Thanked 3 Times in 2 Posts
This member is the original thread starter. Smile Re: OzFx System :) 100-800 Pips Per Trade

Quote:
View Post
Re-Cap from post 1:-
_________________________ _________________________ ____________
Money Management:

* Trade with 5 Lots with Stop Loss 100 pips away
* Take Profit on 1st Lot at 50 pips. Move Stop Loss to Break Even (BE).
* Take Profit on 2nd Lot at 100 pips.
* Take Profit on 3rd Lot at 150 pips.
* Take Profit on 4th Lot at 200 pips.
* Let the 5th Lot run until you see an opposite entry signal.
_________________________ _________________________ ____________

So when you report +100 it is
2/5@ +100 | 3/5 Scratch

Makes sense now

Cheers.
When I report +100 it means that first lot closed at +50 and second closed at +100. 3 lots still in play.

Reply With Quote