What is the point in repeating buy and sell order? If we keep repeating it, we will always loose one trend because trend cannot go in same direction forever.

Interesting strategy. There is no technical or fundamental indicator involved. Even price action is not taken into account. 

Has anyone tested it for long time? If yes what were the results?

Read similar strategies but this one is really different. 

There should be some point where we stop putting orders.

Thx for sharing.

TP is 50 pips which means at least 3 orders will be triggered if price goes in same direction. One the original order then after 20 pips and 3rd after 40 pips. Now if trend reverses before reaching 50 pips then following can occur. 

Assume Trend reverses after reaching 45 pips and we were using trailing SL of 20 pips

1st position = +25 pips

2nd position = +5 pips

3rd position = -15 pips

Result of above 3 orders is +15 pip gain. But if price reverses from 25 pips then result would be -10 pips and if trend after 5 pips then result would be -15 pips

At the same time following opposite orders will also be triggered when trend reverses. 

1st order will be triggered when price reaches back at 20 pip position and second will be triggered when price reaches at 0 pip position.

These two orders will remain open unless price reaches trailing SL or 50pip TP.

Above is a complex process and doing it all manually is a tough job. Also there is a risk of loss unless price goes in the same direction for specific number of pips before reversing which doesnt happen very often. 

The best way to test this strategy would be to make an EA.

Nice analysis. But I think this is not the full picture. Because there can be unlimited scenarios.

I agree that we need an EA to test this strategy.

Originally posted by Champ

Nice analysis. But I think this is not the full picture. Because there can be unlimited scenarios.

I agree that we need an EA to test this strategy.

"Full picture" is infinity number of orders. Actually I tried to give best and worst case scenario but I dun think these are best and worst case scenarios rather just better and a bit bad case scenarios. 

Interesting strategy but difficult to understand. Sasha raised valid point. It has more probability of loss than earn. But in the end it depends on market conditions too. 

I wonder if there is a way backtest it?

Sasha did great job with numbers. Based on Sasha's analysis, I think this strategy can be good if we keep adding new orders. The only question is how to do it continuously. For this purpose I tried to make an EA by going to EA-maker websites but you can only make an EA there if your strategy is based purely on technical indicators.

So a coder is needed to code this system

Originally posted by illiterate

Interesting strategy but difficult to understand. Sasha raised valid point. It has more probability of loss than earn. But in the end it depends on market conditions too.  I wonder if there is a way backtest it?

Yes it looks to be a simple system and its EA can be made with some "loop" programming. For a non-programmer, EA maker websites can be a good source. But I think creating it on an EA maker will take a lot of time if u r not familiar with that EA maker.

well, I'm a coder - http://surananitin.elance.com!