See, now you're changing what you had in your original post. Which is great, since, quite honestly, your post about a trade in a random direction was just plain dumb.Originally Posted by ;
If you exchange with the total trend and take profits X pips at a time, I will see the value in thisparticular. However, it's still risky because (as somebody else pointed out) you could wait a little while for it to return to you. Furthermore, if you're trading with small pip TP, then timeframe doesn't make a difference, tick-by-tick testing would be required by this on any TF.
I'd alter your original requirements to:
1 - Possess a parameter for LONG or SHORT - trader places this into the total tendency
2 - Open a trade and have a small TP such as 10Pips, no SL
3 - When the TP is struck, open a new place, same direction
4 - When the current price is more than X pips from the open order (i.e. you're losing money) open another commerce, same way. I would set this at 1000 pips. The next trade ought to help bail you out if you still think in the overall trend.