Hello,
Im wondering if anyone can help me as i am having trouble with this exit
strategy.
I will post a simple fictional example to show what im talking about:
Current price is at 100 and im taking a long entry
I go long with 2% risk spread over 3 lots
My risk is 60 pips
My break even take profit would be half my risk therefore
tp1 (be/tp) = 1/2 60 = 30 pips
so entry = 100
tp1 = 130
s/l = 40 (current price 100 - 60 risk)
So i get 3 lots going to 130 - at this point if i close 2 lots
in profit (2 x 30) do i have 60 pips profit and therefore my trade is at
breakeven?
Meaning that if my 3rd lot hits its sl at 40 (-60 pips?)
then the overall sum is zero or b/e?
Is this also the same if i risk 1 lot but divide it into 3
(3 x 0.33 lots)?
Sorry for asking a noob question
Im wondering if anyone can help me as i am having trouble with this exit
strategy.
I will post a simple fictional example to show what im talking about:
Current price is at 100 and im taking a long entry
I go long with 2% risk spread over 3 lots
My risk is 60 pips
My break even take profit would be half my risk therefore
tp1 (be/tp) = 1/2 60 = 30 pips
so entry = 100
tp1 = 130
s/l = 40 (current price 100 - 60 risk)
So i get 3 lots going to 130 - at this point if i close 2 lots
in profit (2 x 30) do i have 60 pips profit and therefore my trade is at
breakeven?
Meaning that if my 3rd lot hits its sl at 40 (-60 pips?)
then the overall sum is zero or b/e?
Is this also the same if i risk 1 lot but divide it into 3
(3 x 0.33 lots)?
Sorry for asking a noob question