SELL AUDUSD at 0.7250 SL 7280 TP 7090 (Final)
Exit Strategy rules
Stop loss is only 30 pips. When the profit reach +30 pips, you have to lock the trades. It means you set the SL = Entry Price. Then your trade is risk free after it reach +30 pips profit.
You may close the trades anytime after profit 30 pips. You can close at profit 45, you can close at 60 pips. If you keeps closing the trades.
All closing above +30 pips profit are winners.
If you close with profit only +15 pips, you will be a winner in a short time, but not in the long run.
Be First to Comment