[fxquest]

Great results Akash!

I didn't have the same luck with this system. Actually its more my fault than the system's fault ( I don't trust the first cross so I wait too much before I enter and miss most or all of the move !!).

Could you describe in more detail how you enter a position?

As to profit taking exits - here is something I read and think makes a lot of sense (I think its also called pyramiding). The thing that I like most about it is that it limits the risk if things go against you and allows you to make the most of moves in your favour. It has little advantage in ranging markets where setting a fixed profit target makes more sense. Here is an example:

Enter the position with the minimal lot (lets say at price 1.0000):

@ 1.0028 add another lot (Avg. 1.0014) set S/L at 1.0020
@ 1.0053 add another lot (Avg. 1.0027) set S/L at 1.0038
@ 1.0078 add another lot (Avg. 1.0040) set S/L at 1.0056
you get the idea...

what do you think?

Thanks,
fxquest