I wrote:
"Let's do a test. Now it's about 1,47089.
Example:
I go short at 1,47089 with 10k
When it reaches 1,4727 open a long"
So now I've close the short cause it reach 1,4727 and I'm long with 10k.
Just 1 reverse position until now and 20$ loss
Yes, in this case there are numerous losses but the first position I open is 10000EUR/USD so when you lose 20 pips you lose only 20$.
First: -20$
2nd: -20$
3rd: -40$
4th:-80$
5th:-160
6th:-320$
7th:-640$
At point 8th I open a 640000EUR/USD position.
Let's do a test. Now it's about...
I can see that 7 times on the 2nd I reverse the position.
This is not a problem. It depends how much money do you have on your account and by the way...how many times in one year do you see a graph like that?
I ask this because I use a strategy that reverse the position on the market. Example: I open a long position 10k⬠on EUR/USD at 1,4650 and if the cross go under 1,4630 I open a short double position of 20k⬠and so on. If the market is volatile this strategy works well.
Have you ever try this?