20# Trap for the price Trading System
Submit by JanusTrader
Time Frame Daily, Currency pairs: all.
Pick a price level. (eg 1.5000)
Place 3 long limit orders above the chosen middle line at equal increment.
(1.5050, 1.5100 and 1.5150) (50 pips increment) Place 3 short limit orders below the chosen middle line at the same increment (1.4950, 1.4900 and 1.4850) ( 50 pips
All long limit orders have a target profit of 1.5200.
All short limit orders have a target profit of 1.4800.
If the first long limit order (1.5050) is triggered, place additional SHORT limit orders at the same levels (1.4950, 1.4900 and 1.4850).
If the second limit order (1.5100) is triggered, do the same as above.
If the third limit order (1.5150) is triggered, do the same as above.
However, at any given time that price reverses and goes down before hitting your long target profit and goes all the way down and trigger your short limit orders, you must compute at every triggered short limit orders and place additional LONG limit orders.
It's like trapping the price between 1.200 and 1.4800. The price cannot stay within those levels infinitely, it will break away. Your job is to make sure that when the price decides which level to break, make sure that more orders are at that side than the active orders at the opposite side. So in theory, you cannot lose.
Money management day martingala 1,4. 5° day Stop loss. Example day 1=1 lot; day 2 = 1,95 lot; day 3= 2,75 lot; day 4=3,85 lot; day 5= 5,3 lot.
Example 1 micro 1=0.01 X 6, 2=0.0195X6, 3= 0.0275X6,4=0.03,85X6, 5=0,05,3X6.