To show what I'm doing, here is my AUDJPY chart with closed trades plotted on it.
AUDJPYH4.png
I wait for PoS to open a initial trade on any pair , TP @ 6th.
This trade stays open untill the TP @ 6th is reached.
Then depending on what group [divided by 6th distance] the pair is, I place pending orders at the same distance as the 'fill the gap" inputs do, so every 25, 50, 75 or 100 pips.
On these pendings, the TP is the same as the distance between them.
So as soon as the first added order reaches TP, the next one opens.
[To make my live easier, I smuggle a little with the first added pending and put it on a round number. Sometimes I don't even wait for PoS to fire the first trade, and put an initial pending in myself at a round number when price is around the tradeline.]
Immediately after the first one closed in profit, Reneexxx's EA "trade duplicator" puts a limitorder in place with exactly the same specs as the one that just closed.
Should a trade go against me, the recovery fires another trade, which I sometimes change the TP to the 'usuall" number for that pair.
This goes on and on and on, untill the price goes above the green 6th line, and I'm waiting for it to reach the opposite side to start the fun at the other side.
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