Mike

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  1. 73 votes
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    under review  ·  13 comments  ·  General  ·  Flag idea as inappropriate…  ·  Admin →
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    Mike commented  · 

    Here is an image of what a 10 pip grid looks like on my MT charts, as you can see it adds some meaning to the grid. Instead of having a grid lines at random places rather add the option as mentioned, to set it xx pips and to highlight the 50 and 00 areas.

    The grid itself then becomes a tool that can be used. http://screencast.com/t/qzXdgFDzQu

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  2. 2 votes
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    under review  ·  4 comments  ·  General  ·  Flag idea as inappropriate…  ·  Admin →
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    Mike commented  · 

    Darin,
    I forgot, here is an image showing a suggestion for these average entry points. The right side of the charts are already pretty cluttered, what if they put these labels a couple of bars back on the left?

    http://screencast.com/t/Yh7A42gmaHE

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    Mike commented  · 

    Darin,
    Glad they are looking at it, they must however just make sure that they include values for both the long and short sides and not just a breakeven.
    Let me explain: Many traders trade more than one strategy i.e. a longer term strategy together with an intra-day strategy. Because of the two strategies one will often end up with long and short orders. Important to note that this is not hedging, it is just how the strategies work out.

    Take EURUSD for example, I’ve had long orders on there for weeks which is the longer term strategy but while they were on there I also had several intraday shorts on it. When trading like this it is important to know where my average long and short entries are in order to manage risk properly.

    On most platforms you only get the breakeven point but I would venture to say that the individual average entry points are almost more important than the breakeven point.

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