If I understand correctly, you do place additional buy stops above the buy stop that was hit, but you do not double the lot size. Also, in this scenario, a sell stop may (optionally) be placed at level 0. And, if a buy level is hit, you place sell stops at all levels below. So if buy level 2 is hit, there will be 5 sell stops, all with double lots. L1,L0,S1,S2,S3.
Jack
Quote:
Originally Posted by tcmm
Can anyone just explain this,if the first buy Stops gets hit, I know you add 3 sell Stops at each level on the opposite side, and double the lots right. Now do you add buy Stops too above the first buy Stops that was hit, at buy 2 and 3 levels and do you double the lots also.
Thanks King Pips
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