Hello guys. It is not long time I began trading forex. Now I think I have new strategy (I do not know if this strategy existed before, but I think it is good strategy. If I am wrong please tell me). What I have in mind? Assuming that we open two accounts with 1000$. market rate is EUR/USD 1.2545/1.2548. At the same time Selling 2 lots (20K) from one account and buying another 2 lots from the second account. We have unrealized loss -12$. Now if there is strong movement in the market we will add another lot to the gaining account and contract position to 10K on another (losing account). So profits are rising more than it was rising before we added another lot and loss is rising smaller than it was before. If market is going to the direction of gaining position we can add another lot and so on.
Now If market is going against gaining position. As it happens we are covering gaining positions one by one, for example we cover first 10K then another 10K and so on. At the same time the loss is declining on another account and we can even add lots on this account. If market is going to reverse again and continues previous trend so we are doing the same as described above. OF course this study is not risk-free but I think is less risky and it is easier to determine s/r levels after entering market than before entry. If I am wrong please do not hesitate to answer.
Now If market is going against gaining position. As it happens we are covering gaining positions one by one, for example we cover first 10K then another 10K and so on. At the same time the loss is declining on another account and we can even add lots on this account. If market is going to reverse again and continues previous trend so we are doing the same as described above. OF course this study is not risk-free but I think is less risky and it is easier to determine s/r levels after entering market than before entry. If I am wrong please do not hesitate to answer.
kiss the trend