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Mar 15th 2007
Beware when you’re using Stop Losses or Take Profits
tips, forex encounters, forex 1 year, 5 months agoTags: Stop Losses, Take Profits.
Was scalping a little with trendlines and fibonacci techniques on the pound when I realise the TP of my MT4 is not working when the desired price is met. This is the first time it’s happening to me, but I’m sure experienced traders will tell you it happens all the time.
Bottomline: Do not do this with big price deviation on Stop Losses. If it doesn’t stop you in time for any big falls, you’re gonna regret it.
ps. They execute quickly on Short and long positions instead. Duh
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