*** Money Management strategy - "Trading sequence"

Submitted by DachelMiqueli

Ok guys it's been a while since I don't post anything here, that doesn't mean I haven't been working on something. I have a great system to share that fit my personality perfectly so I want to post it here so you can benefit from it. This is not a system designed by me so all the credit goes to FXTraderpro. I just modify it a little to completely fit with me.

Before you read further I have to say that this is a semi-martingale system were you can have control over your losses instead of losing all your capital like any other martingale systems. The winning risk ratio is 1/2.

Here's the deal:

1) We open a trade based upon our Entry criteria. For example, we open a BUY on EURUSD at 1.3500. Our Stop Loss is set to 10 Pips at 1.3490 and our Take Profit is set to 50 Pips at 1.3550. This is called our INITIAL ENTRY in the Sequence.

2) If our Take Profit is hit we then wait for a new Entry Signal and begin again.

3) If our Stop Loss is hit, then our next trade would be a SELL (assuming our first trade was a Buy as above) which we would enter at Market Price as soon as our Stop Loss is triggered. This new Sell position would have the same Take Profit = 50 and Stop Loss = 10 settings as the Initial Entry. This Sequence Of Trades continues each time our Stop Loss is hit, with the resulting trade going in the opposite direction of the previous trade. The Sequence Of Trades is complete whenever a Take Profit is reached.