Scratty Line Trading Log
Posted: Wed Nov 11, 2009 10:35 am
Hi my name is scratty
Im newbie and trying to practice the described trading with a 1000$ Demo account on FXCM MT4 Plattform. Lets see where the journey goes...
Entry
The Entries are based on trend lines combined with z-lines. This will give me the edge.
Exit
SL: 11 Pips fix SL
TP: Take as much as i can
MoneyManagement
- 2% of Equity
- If new Equity high & last trade was a winner i increase lot size by the base of the 2% Risk until i lose the first trade.
example (Base Risk 2% = 0.1 lot) if last trade =winner & new equity high then next trade lot size = 0.2 lots next 0.3 and so on...
Im newbie and trying to practice the described trading with a 1000$ Demo account on FXCM MT4 Plattform. Lets see where the journey goes...
Entry
The Entries are based on trend lines combined with z-lines. This will give me the edge.
Exit
SL: 11 Pips fix SL
TP: Take as much as i can
MoneyManagement
- 2% of Equity
- If new Equity high & last trade was a winner i increase lot size by the base of the 2% Risk until i lose the first trade.
example (Base Risk 2% = 0.1 lot) if last trade =winner & new equity high then next trade lot size = 0.2 lots next 0.3 and so on...