MightyOne wrote:Jalarupa wrote:Hey Braathen,

I'm saying I do not understand the way in which you trade multiple charts with macro pips of 8's and then 12's and then 16's...

I don't know really what it all means... The math and the jargon seems to have got me beat...

I mean I understood waypoints... I even figured the math into a excel spreadsheet and back tested it on forex tester 2...

But now macros (the macro pip thread didn't help to understand the current direction of this MM strategy)...

I'm lost brother... It's mainly because I haven't been following along until now...

(%target / dailyPips)accountSize = $_PER_PIP

$_PER_PIP / macroNumber = $_PER_LINE

WE ARE TRADING FOR X_DOLLARS_PER_LINE

If we are looking to make 12 pips per day then that is

12 lines of any macro or of any combination of macros.

Right so here goes...

I have calculated my $/MicroPIP and placed it in as my lot size...

I have taken a trade at the 07 Macro with a hard stop at the 12 Macro...

and set a Alert for me to Scale out at the 09 Macro...

How would this scaling out work? Would I just adjust for the remaining Macro's and place a buy stop order for the difference?

So a buy stop for 0.17?

I feel like I got this all wrong somehow...

Edit So I placed the Buy Stop with a TP at my Stop Loss of my Sell Limit and SL of 11 Macro's away...

I know I'm wrong... would love to know the correct way to go about this...