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Thread: Different way of managing a trade

  1. #11
    Senior Member
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    scaling in is good when you dont know where to enter. Basical question: what if only 1st position is triggered and goes into profit? Your earn small amount and waste good opportunity. But when patterns fails it always trigger all

  2. #12
    Wizard
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    agree, when you have precise price-wise entries and additionally well timed, there is no point to use scaling.
    However, this is not valid assumption to many of geometry traders

  3. #13
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    As for me, I like to use trailing SL. That is how you can be sure that you gain a maxi,al profit of each trade.

  4. #14
    Wizard
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    grid trading and martingale are very good to be used with harmonic and price patterns.
    Harmonics Tube - daily trading setups based on harmonic patterns
    Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
    AMPmonitor - harmonic and price patterns recognition Scanner that I use
    TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading

  5. #15
    bee
    bee is offline
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    Quote Originally Posted by kor4x View Post
    grid trading and martingale are very good to be used with harmonic and price patterns.
    is this project halted ?
    seem there's member who develop such system, use martingle sequence with % base lot depend on initial deposit. would love to help with the code, and perhaps a forward test account, i've got several account for research purpose, would glad to put this harmonic marty on my armada market account, i think an ecn account would be good, since martingle are demand a minor slippage during execution, a way to wide slippage would cause a significant exposure.

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