You're making this all too complicated. Any compensating mechanism will work just as much against you as for you.
1. DON'T USE
ANY INCREMENTING (DAMMIT!) This is the main cause of the problem.
2. Widen your grid and make it reasonable according to volatility
This is a matter of experimentation
3. Use pairs with low spreads, 3 pips or less
4. Stick with trending pairs, not volatile pairs. Euro is better than GBPJPY
5. Make your TP smaller than the grid size minus the spread
6. Don't use a SL.
Quote:
Originally Posted by Neo
One of the things I've noticed is that we get further and further away from the goal as more positions are opened as each adds another "spread" to the floating loss which makes the job of catching up progressively harder as price then needs to move much further in a given direction without a reversed entry to have any hope of closing the series.
Not sure how best to overcome this issue but it will blow up the account at some point if left unchecked. This is especially a problem with wide spread pairs like GJ.
I've tried using a very small lot increment and this does help but the account will still blow at some point.
Thinking caps on, guys!
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