I am really thinking of this strategy from many days... i trading it manually and its working fine.
But i really wonder will this work by autotrading...
It like this... [for this I use ea which closes all open trades when hitting target= $10]
1) Open pending BUY order with lot size 0.1 at somewhere around current price.
2) If pending BUY order become active , open pending SELL order with lot size 0.2 at same prize, and wait till hitting basket take profit target (ie $10).
3) Again If price don and pending SELL order become active , open pending BUY order with lot size 0.3 at same prize, and wait till hitting basket take profit target (ie $10).
ie we open buy/sell orders alternately at same price with incremental lot size (Not martingle). This is almost no loss strategy.
Now after step 3, if price go up ... we have 1+3=4 buy orders and 2 sell orders, so we are in profit.
But Suppose after step 3, if price go down we have to open SELL pending order at same price with lot size 0.4. Now we have 2+4=6 sell orders and 1+3=4 buy orders, again we are in profit.
But i really wonder will this work by autotrading...
It like this... [for this I use ea which closes all open trades when hitting target= $10]
1) Open pending BUY order with lot size 0.1 at somewhere around current price.
2) If pending BUY order become active , open pending SELL order with lot size 0.2 at same prize, and wait till hitting basket take profit target (ie $10).
3) Again If price don and pending SELL order become active , open pending BUY order with lot size 0.3 at same prize, and wait till hitting basket take profit target (ie $10).
ie we open buy/sell orders alternately at same price with incremental lot size (Not martingle). This is almost no loss strategy.
Now after step 3, if price go up ... we have 1+3=4 buy orders and 2 sell orders, so we are in profit.
But Suppose after step 3, if price go down we have to open SELL pending order at same price with lot size 0.4. Now we have 2+4=6 sell orders and 1+3=4 buy orders, again we are in profit.