This strategy was tought to be by someone in Amsterdam, who claims to trade it with great success.

You need a big account, due to drawdown. (Balls of steal as well)

Open the 1 hour chart and look if the past 2 days where bullish or bearish. If Bullish buy and if bearish sell.

Suppose it has been bullish.

Buy 0,1 lot and tp after 3 pips.

Add pending buylimit orders after 5pips drawdown (tp 5 pips), then 10 pips drawdown (tp 10 pips), then 10 pips (tp 10 pips) and then after 20 pips drawdown (tp 20 pips). Continue adding buy limit orders every 20 pips. (huge drawdown)

IF TP for any of the buylimit orders is reached re-enter the buylimit order.

Drawdown could be 1000s of pips, but because you keep adding and selling you avoid huge drawdown.

My friend claims he does this for years and had 2 intances where he had a drawdown of over 1000 pips

Though of sharing to get feedback and ideas.

You need a big account, due to drawdown. (Balls of steal as well)

Open the 1 hour chart and look if the past 2 days where bullish or bearish. If Bullish buy and if bearish sell.

Suppose it has been bullish.

Buy 0,1 lot and tp after 3 pips.

Add pending buylimit orders after 5pips drawdown (tp 5 pips), then 10 pips drawdown (tp 10 pips), then 10 pips (tp 10 pips) and then after 20 pips drawdown (tp 20 pips). Continue adding buy limit orders every 20 pips. (huge drawdown)

IF TP for any of the buylimit orders is reached re-enter the buylimit order.

*(see graph)**TP is always at the next level. So say you are at -105 pips (level6) and you tp level 6 three times (+40pips) you have +15 pips profit and can close all open positions.*Drawdown could be 1000s of pips, but because you keep adding and selling you avoid huge drawdown.

My friend claims he does this for years and had 2 intances where he had a drawdown of over 1000 pips

Though of sharing to get feedback and ideas.

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