With each signal, we enter with three lots.Stop loss is placed as the last swing high/low
If the trade goes in our favor, we exit 1 lot at the same distance as the
stop loss. For example, if our stop loss is place at -40 pips from the
entry price, we exit the first lot when we have +40 pips (excluding
spread) in profit. As soon as we take the first lot out, we move our
stop loss to break-even for the remaining two lots. The second lot is
taken out when HMA 5 changes its direction against us (that means in
an uptrend we exit the second lot when HMA 5 turns down). The third
lot is taken out when HMA 12 changes its direction against us (that
means in an uptrend we exit the third lot when HMA 12 turns down).
www.TrendForexSystem.com – All Rights Reserved - 2006
1 comment:
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