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This is a two way scalping strategy. No risky recovery modes are used & no additional positions opened in "hope" that it will recover. Stop Losses are used and are a fundamental part of safely trading in Forex. I accpet losses as a part of trading. Please do not become quickly disheartened if you have 1 or 2 losses. The strategy is built for this and back testing identifies periods of losses at times. There is no such thing as a perfect strategy. The first and most common trading plan is to trade during low volatility. Most commonly achieved after a major market has closed. A single position is opened with a TP / SL in place. There are many features which will determine if the position is or is not opened. The second trading plan is simple. It follows major news and will aim to place orders surrounding the current price. A position is opened when a breakout is detected. A TP / SL is in place. This is a compound investment account. I will vary my lot sizes depending on my wins / losses. Money management is key. Aim to make profit and withdraw funds where possible. Reconsider your risk lot size if you are depleting too much capital. Do not overload your accounts. While we do not anticipate margin calls as SL will prevent this - margin calls can be made if your capital vs lot size is too much.
Rated by 0 Real Investors.
Overall, I gained some money from fandangofx's trades.
fandangofx's strategy description corresponded to the strategy followed in my account.
I would recommend fandangofx to other users.
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