Forex Trading 2018- TA/FA- Setups and discussion, page-4782

Hi Zest

The market is pissed you won yesterday so will hunt you today, that's how it seems to me anyway.

If you choose to enter a position with multiple trades, it is best to space them out in a percentage of the daily range.  For example the EURNZD has a average daily range of 110 pips ( 100 Days )

AUDUSD has a average daily range of 61 pips ( 100 Days )

So I would use 0.5 space for H4 or Day charts -   AUDUSD = 31 pips           EURNZD = 55 pips

On M5 - M15,  I would use 0.25 space.

The whole ideal is it gives you TIME to exit before a loss occurs.  I manage all my baskets with a average price indicator which shows me where the break even for all trades is.  Then I simply set trade manager to close all trades when say profit falls to maybe 75% the highest amount reached.  Two weeks ago I reach around 950 pips with EURNZD before it fell back to 730 pips where it all got closed out.