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Trading Systems and Strategies
$3K Acct to $67K in 4 Months
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[QUOTE="ezrydn, post: 49219, member: 15946"] This approach IS PART of my basket trading. I trade baskets, scale baskets and scale Gold, all at the same time. It's what my "Money Pump" is based on. I wanted to add this TIP. I was asked a couple of days ago, "How do you know to close a scaled GOLD trade?" Here's my exit criteria. Once the generated scaled field is penetrated, I change the MT4 order form from 0.01 to 1.5 or 2.0 lots. Now, every button push will drop a single order on your chart. As long as price continues my direction, I keep dropping individual orders. It's when price retraces over my last active order, I trigger a "Close All Open Orders" script and close out. Then, it's "rinse/repeat." [/QUOTE]
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