Strategy 2 strikes again!

Had another winning trade base on strategy 2 yesterday.

Open Date: 06/25/2007 04:08:39
Instrument: USDJPY
B/S: Sell
Open Rate: 123.62
Lot: 0.5
Close Date: 06/25/2007 04:56:33
Close Rate: 123.52
Gross PL: $40.48

Beginning Balance: $1,000.00
Ending Balance: $1,177.46
Profit: 17.746% (reduced)


Learnt something new today. I finally discovered why my last trade was missing, coz the missing act happened again yesterday! It was due to opposing trades (buy & sell together). So when one trade got engaged and hit the other's entry point, the other trade will be deleted automatically. This happens for VT Trader, which I'm using. I tested the same scenario using another platform, it doesn't seem to be deleted.

I also learnt from my trainer that to prevent such scenario from happening, I should indicate the later trade as hedging. Hmm...has no idea what is hedging. I shall go check out babypips to learn about it. Was halfway through my lesson yesterday.

Forex is indeed an interesting field to study!