type of Forex Trading System?
Playing "Chess"
This involves opening buy/sell orders (GBP/USD & USD/CHF) its a bit complicated at first, just like the start of any chess game. I risk 1 minimum lot size on the mirco account on GBP/USD my first "Pawn" and if it goes 12 -15 points into profit I place a winning stoploss at 2 - 5 points and have my first "GBP/USD Queen" if this is a sell "Queen" I place a sell "USD/CHF Pawn". I know its a higher risk as 90% of the time these 2 pair go in opposite directions. So lets say the risk fails I counter the risk by placing a buy "GBP/USD Pawn" over time my board is loaded with all sorts of "Pawns" from both sides, until like Fridays trading my risk paid off and I'd both an extra "sell GBP/USD Queen" & buy "USD/CHF Queen" I then made a few "Check" moves on the now waiting "Kings" (open orders in profit but no cover for closing) once my "Queens" protected my "Pawns" until they became "Kings" on the opposite side I placed winning stoplosses on equal amount of opposing teams.
After 3 weeks playing my winning "Kings" stand at 186, Balance: +800%, Equity: Slightly below +10% Open orders -700% a good tradesperson will tell you its a long way from "Check mate" but chess is never meant to be rushed
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