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Forex Trading 2018- TA/FA- Setups and discussion, page-1202

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RickM

2,725 Posts.

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18/02/18

20:39

Post #: 31142311
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Originally posted by TwoHandsRevy ↑

Indeed. I support the idea of working together to become more powerful than any hedge fund. We will have to work out a way/ strat which works for people here. Ive attached a excel with 3 sheets, showing a simple scaling method. Basically each 'level' is simply an additional order on the trade. Would welcome thoughts on it. For example it may well be easier to simply go for 5:1 RR with 1 trade rather than mucking around with scaling in but. My excel skills are rather feeble compared to some here so if you see the formulas ive used, you might laugh. Also the first example picture has like $0, $10, $20 etc you can ignore that
If there's a way to say hit level 5 consistently enough, then GG

https://drive.google.com/file/d/1-vrobXpWQaxKmrMZpSwkXPTPJWIJg6QF/view?usp=sharing

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Hi Two Hands

I like your spread sheet and its food for thought. I have always struggled with of choice of a using either a high RR or a scaling in method. Either way you choose to go, the longer we can hold our trade in a good trend, the better.
There is plenty of good trade managers that let you scale out of a trade, not in.
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