and price range well, you will not need to activate this many trades. In this case, the hedging strategy replaces the need for a normal stop loss and acts more as a guarantee of profits. At the same time place a Sell Stop order for.2 lots 30 pips below with a 29 pip SL and 30 pip. The strategies covered here on the other hand, are ones that either I or successful traders I know have used in a consistently profitable fashion. In the above example, on the EUR/USD, you buy 1 microlot and sell 1 microlot at the same time, then, if the pair goes down 10 pips, you place an order to sell 3 microlots and buy 1 microlot. The lot increments are: 1 microlot, 3 microlots, 6 microlots, 12 microlots, 24 microlots, etc., each time the price reverses direction against your heaviest weighted direction. Win, forex, strategy, so Darn Easy.
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But, also, learning how to take advantage of momentum and volatility is even more important. In fact, you will very rarely need to open more than one or two positions if you properly time the market. If used on their own, their reliability can be a little work from home - earn money online/flexible hours lower than some of the other strategies, but if you use them in conjunction with appropriate confirming signals, they can be extremely accurate. There is always a risk for the first martingale during ranging periods (flat consolidation periods but this risk is mitigated by the pips you are earning from the second martingale! If you learn to enter the markets at the right time (I sometimes wait for price to pullback or throwback a bit before jumping in you will find that you will usually hit your initial TP target 90 of the time and price will not. You can actually use any pip-range you want. The Bladerunner reversal just as effectively picks entries from situations where the trend reverses and price begins to trade on the other side of the EMAs. However, having a good trading method to help you identify good setups will help you eliminate the need for multiple trade entries. I would suggest looking for a forex broker with the lowest spreads on these pairs and that allows hedging (buying and selling a currency pair at the same time). Open a position in any direction you like.
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