Regarding the pending order...

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immy
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Re: Regarding the pending order...

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investor84 wrote:From what I've learned about the extended version of the ebook, we set a pending order to buy 3 pips (1 + spread) above the level of AIMS, I would like to know if i should consider (for SELL) 3 pips below the level of AIMS or in this case only 1 pip? (because of position of Bid/Ask line) ...

Thanks and happy trading to everyone :ympeace:
For MT4 Brokers:
Buy Order: 1pip + spread Above AIMS Level = Alpair Spread 1.6 so I put +3 pips (rounded)
Sell Order: 1Pip Below AIMS level

For spread betting platforms:
Most spread betting software have rather simpler mechanism. Hence 1pip +spread both sides.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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