Hi Petko,
I’m sorry, but I have one more question on the formula that I’m not clear on. Do we ONLY open the next buy stop and sell stops (1.0 and 1.4 lots respectively), as well as the final 1.95 lot buy stop IF the price reverses past our opening trade price?
In other words, we open the 1st buy stop(1.0 lots) and sell stop (1.4 lots). If the price goes up then reverses past our opening price, we then open the 2nd buy stop (1.0 lots), and if it reverses again back down we open the 2nd sell stop (1.4 lots). If it reverses a 3rd time back up, we open our final buy stop of 1.95 lots?
Thanks,
Ilan