The technique is simple.
1. Look at current candle (any time frame), Price must be in between High and Low of the candle. (Remember you are trading with current candle and current price
2. If price hit High, Go LONG or BUY
3. If price hit Low, Go SHORT or SELL
4. Once you have an open position, if BUY, immediately set Pending Order SELL 30 pip from the Open Position ie.
if Open Position is BUY 1.5412, set Pending order SELL at 1.5412 - 30 pip = 1.5382, if Open position is SELL 1.5412, set Pending Order BUY at 1.5412 + 30 pip = 1.5442.
Double the lot for the pending order ie if Open position is 0.1 lot then your pending order should be 0.2 lot. and continue so until one of the position hit the Target Profit. REMEMBER TO DOUBLE THE AMOUNT OF LOT EACH TIME YOU SET PENDING ORDER and always reverse your pending order each time your pending order is hit, this is your protection if price go against you.
5. Set your Stop Loss at 60 pip and your Take Profit at 30 pip for each and every order.
Happy trading
