All actions of a trader during any Forex trade can be divided into 3 groups: position opening, tracking and closing.
In open information sources about trading, you can read a lot about position opening and seeking market entries. You can also read about ways to take profit and exiting the trade.
But you won’t find a lot of information about position tracking, this topic tends to be neglected. I’m not going to draw theories why that happens – I will simply say that proper position tracking can increase your profit by 180-450%.
That is why I will tell about ways of tracking your open trades in this article. Read it to the end, and you will learn how you should track your trade to increase your profit significantly. And finally, I will tell about risk-free deposit boost.
Many of the position tracking techniques that I will tell about in this article, are successfully implemented in Horizon trading strategy. You have the opportunity to get a complete “Horizon TS” video course for free. Simply follow the link below.
Get free Horizon trading system here
I won’t tell about entries or take-profit techniques – this article is fully dedicated to position tracking.
I will start with the simplest and most popular technique. It has only two possible outcomes.
We can even say that this technique does not require any trader’s involvement. Nevertheless, I believe it’s worth mentioning and I will explain why.
Stop-loss and Take-profit
After entering the trade, a trader places two orders that will close the trade automatically without trader’s participation.
If one order triggers, a trader gets fixed profit. The other limits the trade losses.
This method has some variations:
- Placing stop-loss without take-profit. This way a trader can limit potential loss and doesn’t limit potential profit. Many professional traders employ this method. It allows to grab everything the market can offer, not limiting the profit with a take-profit order.
- The other variation is quite the opposite: placing take-profit without a stop-loss.
It is a quite risky method of trading. I don’t advise to use it, unless you have some experience in Forex trading. You may lose your entire deposit, when employing this method.
In the picture below, you can see an example of a scalp trade, using take-profit and stop-loss.
I mention this method as a separate one, because it requires active participation of a trader in position tracking.
After the price goes some pips towards an entry, a trader switches his stop-loss to no-loss. If the price continues to move in the right direction, a trader switches this order to profit.
You may not place take-profit at all; you can simply track your trade by moving your stop-loss with the price.
Such method allows grabbing nearly all the price movement before the first deep correction.
I must add that some trading advisors incorporate this tracking method, e.g. Stelz trading robot.
Position hedging is used by managers of large and mid-sized hedge funds to mitigate trading risks. That is why they are called “hedge funds”.
To save time, I won’t tell about types of hedging. I’ll just say that hedging means that you open position in the direction opposite to the already open market trade.
We are interested in one particular subtype of hedging. It will allow you to increase you trading profit by 3-7 times without any risk to your trading account. This type of hedging is called a risk-free boost.
Our readers ask a lot about it, so I will tell explain this technique in more details.
A risk-free boost is my favourate market position tracking technique. The mechanism is quite simple.
When applying a risk-free deposit boost, you open a hedging position, that exceeds the volume of your existing market position by 2 and more times. And the stops for both orders a placed in such a way that the trader will get profit or at least sustain no losses regardless of the price movement.
You can see what a risk-free boost looks like in the picture below.
Let’s study this picture closely.
The first short trade was opened using “Horizon” TS. We entered on a B’n’G. This trade yielded 47 pips of profit.
Then a long entry appeared on the first momentum move after a trend swing.
After we entered a long trade, we applied the risk-free deposit boost: a sell order was placed using a twice larger lot than our long position.
Here, we see an asymmetrical positive lock, which is essentially a risk-free deposit boost.
As the American trading session was closing, we took profit from both trades. As a result we got 18 pips from the long trade and 15 pips from a short trade. And keep in mind, that our short trade lot was twice larger than the long trade.
One of the important peculiarities of a risk-free boost is that it is an asymmetrical positive lock.
It means that a boost order is placed without closing the initial order.
The example above demonstrates a risk-free boost in intraday trading. That is why the boost position was only twice larger than the regular position.
In mid-term and long-term trading, it is possible to open risk-free boost positions 5, 10 and more times larger than the initial trades.
As a result, your profit will be many times larger. This technique accounts for Horizon TS profitability from 57% to 134% per month.
I told about only one “trick” of Horizon trading system in this article. Want to learn more Horizon techniques and apply them to earn 57% a month?
Then follow the link below and get Horizon trading system for free.
Get free Horizon trading system here
Every trader dreams about getting maximal profits. I suppose all of you have the same goal.
In this article, I showed you how you could significantly increase your profit by applying a risk-free deposit boost technique included into Horizon TS. It is a basic Horizon technique of increasing profit.
In one of future articles I will tell about trend position replenishment. It is one of the position tracking techniques, which we included into our new “Horizon X” training course.
Hereby, I finish my article. If you have any questions about it, you can ask them in the comments. You can also tell us how you track your trades.
Wish you all the best! See you soon!