This trading idea maybe not practical on a small timeframe because of the spread can easily trigger SL or open order. I only risk 1% from my account on every trade. Say, 1% is 100USD (10000USD balance). I divide the 1% into several small parts, say 8 part (100USD/8=12.5USD). Now I can open 8 layered limit order with good risk:reward ratio with the risk of 12.5USD on every limit order (SL overlaps on every layer). If you use Forex Lot Calculator, you will realize, if you have small SL area, you will realize, the lot size is bigger. Do accept losses on the "earlier" layer because the price may break the SL. When the true reversal happen, profits will regain fast (because of the using big lot). If the price made to the latest SL, you loss 1% (100USD).
Thankyou.
mrharmonies
Thankyou.
mrharmonies