Success Tips (1):
1. Make Sure and Always Confirm Your Action (Buy/Sell) with Trend Indicator
(You can combine with your trend indicator).
To Help You AVOID whipsaws.
2. Recommended to apply PIPSLOCK or TRAILING STOP
example : pipslock rules:
- Move your SL +5 after 20 pips profit.
- Move your SL +10 after 30 pips profit
- Move your SL +20 after 40 pips profit
- Move your SL +30 after 60 pips profit
etc....practice in demo account first to use pipslock...
you can set pipslock according to your experience to protect your pips
1. Make Sure and Always Confirm Your Action (Buy/Sell) with Trend Indicator
(You can combine with your trend indicator).
To Help You AVOID whipsaws.
2. Recommended to apply PIPSLOCK or TRAILING STOP
example : pipslock rules:
- Move your SL +5 after 20 pips profit.
- Move your SL +10 after 30 pips profit
- Move your SL +20 after 40 pips profit
- Move your SL +30 after 60 pips profit
etc....practice in demo account first to use pipslock...
you can set pipslock according to your experience to protect your pips
And You can use 15 pips Trailing Stop.
3.When current price is near buy/sell area, you shouldn't do pending order.
but if current price in middle of red box , You can put pending order with 15 pips Trailing Stop. But You do instant execution buy/sell, It's recommended and for better result.
have a nice pips.....
to be continued..........
