For example, 17 lots would round down to 15 4 lots would round down to 3.
If your allowable position size is not evenly divisible by three, then round it down until it is.
In the second example you would take profit on 5 mini lots at the first fib line, another 5 mini lots would come off at the second fib line and the final 5 mini lots would come off at the 8 SMA slope change. If your money management rules say that you can have a position size of 15 mini lots, then your 'unit' size would be one third of that, or 5 mini lots. If your money management rules say that you can have a position size of three micro lots, then your 'unit' size would be one third of that, or one micro lot. In the four hour tunnel method, you take profit at three places:Īnd when the slope of the 8 SMA reverses. When Vegas says 'unit', he is referring to a third of your position size for the trade. Vegas' use of the word 'unit' has nothing to do with any settings on either your charting platform or dealing desk.
