123 breakout forex
On Friday we do the same at In this case you leave the Orders from the first session. When I speak about a trailing stop, the trade has to be in plus.
The trailing stop works only to the plus side. I don't cancel orders at 2pm.
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If there is a false breakout the first trade will be stopped out and the short will be triggered. The maximum number of open trades per currency is two. But it is possible that during the day all four orders were executed per currency.
I think the overall result will improve if you trade the four majors with this system. I always set BuyStop and SellStop orders.
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So I take every breakout. Sometimes there is a rebound and you can enter the trade with a better price.
But there are always breakouts without a rebound and than you miss some very profitable trades. That's the raison I take every breakout, because you never know which breakout will rebound.
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