This egy was tought to be by somebody in Amsterdam, that asserts to trade it with great success.
You want a huge account, due to drawdown. (Balls of steal too)
Open the 1 hour graph and look in the past two weeks where bullish or bearish. If Bullish purchase and if bearish sell.
Suppose it has been bullish.
Purchase 0,1 great deal and tp following 3 pips.
Insert pending buylimit orders following 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 incorporating each 20 pips to limit orders. (enormous drawdown)
IF TP for some of those buylimit orders is reached re-enter the buylimit order.
(see chart)
TP is obviously at the following level. So say you're at -105 pips (level6) and you tp amount 6 three times ( 40pips) you've 15 pips gain and can close all open places.
Drawdown could be 1000s of pips, but because you keep selling and adding you avoid huge drawdown.
My friend claims he does this for many years and had two intances where he had a drawdown of over 1000 pips
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