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Originally Posted by Frank_Fibonacci
That is an excellent question. Another question would be why do you double-up in the opposite direction of your previous trade? Since most of the time the market is ranging, i.e. going sideways, its seems more logical for instance if you went short on GBPUSD then stopped out at 20 pips above, then you short again with 2x lots and 20 pip SL, if stopped again short AGAIN with 4x lots and 20 pip SL, etc. If you trading off the normal daily range (not news trading) then your trades should reflect that the price will bounce back and forth between support and resistance until something happens that give the market a reason to move.
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I double-up to stay profitable when winning trade occurs.
We need to choose specific time to trade, when market is moving hard. May be it is good NFP release? or FOMC or any influental news. Look at NFP price makes huge range, so with this system no matter what direction price chooses, you need only huge range.