Swingman explained this Loss recovery strategy to me and I still have a hard time understanding it. At first I thought I get it. But then... Do you guys understand it?
let's see an example:
Price is 1,550
RecoveryZone = 50 and ExitZone = 150
1. I set Market Buy = 1.550 with SL = 1.500 and TP = 1.700 (1 lot, as in Excel Sheet)
2. I set a Pending Sell = 1.500 with SL = 1.550 and TP = 1.350 (0.40 lots)
If order 1. does not reach TP and is a loss, but Sell is a win, I have
from 1. -50 * 1 = -50 and
from 2. + 150 * 0.40 = + 60.
Total = +10
3. When the sell order starts, I set a pending buy as for order 1 (with 0.53 lots).
If Sell 2 is a loss, starts the buy order 3.
If he wins, we have two losses from 1 and 2 (-50-20 = -70) and a win from 3 (+ 150 * 0.53 = + 80)
Total = + 10
let's see an example:
Price is 1,550
RecoveryZone = 50 and ExitZone = 150
1. I set Market Buy = 1.550 with SL = 1.500 and TP = 1.700 (1 lot, as in Excel Sheet)
2. I set a Pending Sell = 1.500 with SL = 1.550 and TP = 1.350 (0.40 lots)
If order 1. does not reach TP and is a loss, but Sell is a win, I have
from 1. -50 * 1 = -50 and
from 2. + 150 * 0.40 = + 60.
Total = +10
3. When the sell order starts, I set a pending buy as for order 1 (with 0.53 lots).
If Sell 2 is a loss, starts the buy order 3.
If he wins, we have two losses from 1 and 2 (-50-20 = -70) and a win from 3 (+ 150 * 0.53 = + 80)
Total = + 10
Attached File(s)
New Loss recovery.xlsx
9 KB
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630 downloads