Author Recent Posts. Trader since Currently work for several prop trading companies. Latest posts by Fxigor see all. Once the system is available, we will notify you by email. Cancel Send invite. Info Stats General. Its distinguishing characteristic is that cash inflows, cash outflows and amounts invested over different time periods have no impact on the return.
Description: No description entered. Chart Growth Balance Profit Drawdown. No data to display. Trading Periods Goals Browser. Tip: Hold shift to select a period to zoom into. Open Trades Closed Trades Events. Pips Profit. Growth Pips Profit Lots. Winners Vs. Losers Longs Vs. Shorts Longs Profit Vs. Shorts Profit Winners Profit Vs. Losers Losses. Pips Gain Profit. MAE Vs. MFE - Winners Vs. Trade Length: 19h 43m. Profit Factor: 1. Loading, please wait Data includes last transactions based on the analysed history.
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And risk management tools include margin deposit volume, stop order for limiting losses closing the transaction in case the expected scenario is cancelled and the above-mentioned subject of the discussion. What are its advantages and disadvantages when compared to a stop loss? The advantage is clear - in case of opening a position in the opposite direction with respect to the one opened earlier, but at a less favourable price, the account balance will not decrease.
The trader has time to analyze their mistake made when opening the position and is forced to lock the positions with a possibility of still bringing it into the profit zone. The downside is the fact that equity available trading amount is reduced.
And, naturally, you will have to exit the lock. Summary: The solution is more complicated than using a stop order, but the possibility of getting a loss immediately after reaching a critical level is at least delayed, and maybe even can be avoided. When the price approaches the resistance level horizontal red line , we open a sell order along with the market 1.
We make sure that the trend is ascending the subsequent low is higher than the previous one, as is the high, respectively , and when the price passes the former resistance level again, we close the sell order. As you know, the price does not go straight, alas.
According to numerous studies, the mechanism of its movement is of a wave nature, and the trends interchange with corrections. Advantages: the current profit will not go anywhere, and in the case of correction, you can earn extra money by closing the position of the locking trade in the profit zone, or put it in breakeven, let the price close it in case of continuation of the trend and get additional profit in the main position opened earlier along with the trend.
Disadvantages: the possibility of getting less profit from incorrect closing in case of correction, if the trader made a mistake in the analysis of the movement structure what they took for correction turned out to be a trend in the direction of locking. When the resistance level horizontal red line is reverse tested, we sell 1. When the resistance level is broken again, we close the sell position and leave a profitable position in the direction of the main trend.
As it turned out in the end, a trade solution that seemed illogical at first glance is often used in the implementation of various trading strategies. So, the general summary of the above described two options for using locking positions is as follows:. What are forex profit indicators? What do they do? How can they help you? And most importantly, how to you start using them?
Turbo Trend indicator should be changed to colour Blue. The Blackline should be cross the green line for the upper direction. When all indicators appear together, enter the Buy trade.
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