November 21, 2013 at 4:45 pm

Each trade in each currency will be based on opening 3 positions (3 units) with 2 positions having profit targets (P1 and P2) and the third position exit will be based on a trailing stop (for those who don’t know what trailing stop is I will explain later).

Once the P1 target is filled, the stop loss (SL) orders for the remaining 2 positions will be adjusted. If there is a logic level close to the break even point, I prefer to move these SL orders to break even points  but that’s not always the case.

Nov. 21, 2013
Buy 1.3478, Stop Loss (SL): 1.3443
   P1: 1.3492
   P2: 1.3508