newbie.....facing problem

gundam

Trader
Apr 6, 2016
1
0
6
48
malaysia
below is the list of current opening trades at my account:
AUD/USD
buy 0.76150
buy 0.76000
buy 0.75850
buy 0.75700
buy 0.75550

sell 0.75250
sell 0.75100
sell 0.74950
sell 0.74800
sell 0.74650

the size for those trades is 0.01 and the current market price: 0.75350

if you were me, what kind of strategies you will use for the above scenario. Thanks.
 

Enivid

Administrator
Staff member
Nov 30, 2008
18,530
1,355
144
Odesa
www.earnforex.com
You are long 0.05 lots with average price of 0.75850 and short 0.05 lots with average price 0.74950. It means that you are losing 100 fractional pips with 0.05 lots volume ($5) + spreads. I would exit this mess of a trades and continue trading using some levels that make sense and also stop building confusing stacks out of the orders.