Comments on: Stop Letting A Winner Turn Into a Loser

By: n2ipdown

n2ipdown — Mon, 22 Mar 2010 18:58:01 +0000

Hi Firepips,

Sorry if this is a stupid questions by me . here we go..
#1. FAQ page says that "all trades are open with 3 lots with the SAME stoploss… ".
for example : order ID 5, pending Sell EU 1.3456
is it mean we open "3 trades" each of them 1 lot with the same stoploss and the SAME ENTRY market price at 1.3456… ?

#2. If the market moves to opposite direction, 3 trades that triggered at the same time will suffer "3 lots x stopLoss pips" in summary.. ?

thanks b4.
Best Regards.

By: FirePips

FirePips — Wed, 10 Mar 2010 22:37:22 +0000

It is bit unclear in this article, I wrote this one a while back. Simply follow the FAQ, it is the most updated version.

By: Alex

Alex — Wed, 10 Mar 2010 21:36:19 +0000

Hi FirePips.

You said "Do NOT move the Stop Loss to starting point yet", but on the FAQ page you say "When we reach first Profit Target we move Stop Loss to half the original size". Which one is "right" ?

Thank you, and I really appreciate what you are doing for us!