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October 05, 2012

Trick n°2

from STEP_2, when you manage SL Order2 and TP Order1, if market comes to close both of your limits, make sure the TP from Order1 will be executed before SL from Order2 because if the market is going to spike, then only your SL from Order2 could be executed and then Order1 can be close at breakeven and you will loose a lot because Order1 will may not cover loose from Order2.

This can happen especially if your broker has awefull spread (over 2 pips)

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