Hi all, let me kick this off with a screenshot of some lovely trades on BTCUSD based on the new v3.1 indicator.
Nice thing about the 2 longs was that I was 'late to the party' so to speak. In this case, this was good because this give me the chance to enter below the Entry level, at a better price, and therefore larger lot size.
On the sell trade that followed, I was clearly late as I went short below it.
There is a strong case for using a multi-entry scaling approach. Provided the underlying trade conditions remain valid, executing a secondary entry at a better price significantly improves the overall position dynamics. To be clear, this is strictly risk-defined scaling, not a grid or martingale system.
Instead of deploying a standard 1% risk upfront, the total allocation is divided. You use 0.5% to secure the initial market entry, while the remaining 0.5% is executed only if price reaches a better level. Because the stop-loss distance on this second trade is tighter, the same 0.5% risk accommodates a larger lot size. This secondary entry delivers a superior risk-to-reward ratio, maximizing the total return when the take-profit target is reached.
