SERIES ORDER STRATAGY
So many times we know that some commodity will go up,but it's stoploss is so big that we don't dare to enter.
suppose today silver is running 41700(around 1.5% ATP is 41200
If we buy here, our stoploss will be 500pt.
we can double our profit and reduce frustration in same risk.
buy silver@41650 sl100pt
buy silver@ 41450 SL41350
BUY SILVER@41250 SL41150
(use chart of any commodity in ODIN trading software.(ctrl+i) and place buying according to chart levels in double clicked enlarge chart.
We place all this order in advance with strict stoploss.
We are saving STOPLOSS Of 200pt.
We can buy 2lots in bottom to get double profit.
If any commodity goes below after crossing ATP ,then do not buy further.
Same stratagy is applicable in NG
buy NG 211.8 sl211.4
buy NG 210.8 sl210.4
IF 210.4 is ATP, then we are not placing any buying below that.
We are placing so many orders in series,so order management is a challange.
keep checking F3-F3 and delete useless order.
practice all methods on small volume (say goldguinea 8gm or silvermic 1kg)
Make all mistakes.Correct them , then go for big volume.
Whenever you place series of orders, then calculate the total loss may occure if all SL hit.