The new version price trap is as follows

Variation 1

Instead of a 1-way martingale, we'll have a 2-way martingale. If in the original, the first order we only put 1 Buy order (say Buy 1 lot) with the expectation that the price will go up, this time we will place 1 more Sell order 1 lot with the same price, at the same time. with the expectation that the price will go down. The command stuffing is similar to the original but this time there will be 2 blue and red martingale lines as shown below.


Comment
  • This way we will still be profitable when the price is sideways (unlike the original).
  • Due to stuffing orders in both directions, the capital must also be large enough (if you don't want to break the burden in the middle of the road).
Variation 2
  1. Let's say the first order is Buy 0.1 lot with TP 30 pips and SL 29 pips.
  2. At the same time place a Sell Stop 0.2 lot order right below the Buy order 30 pips and have a TP of 30 pips, SL 29 pips.
  3. If the price hits the first Buy order SL and activates a Sell order of 0.2 lots, continue to place a Buy Stop order at the same price as the first Buy order and have TP 30 pips, SL 29 pips.
  4. Continue like this for the next orders with lots 0.4, 0.8, 1.6.
  5. If the price touches the SL but does not trigger a new order due to the reversal, place another stop order with the same volume, so now we have 2 stop orders with the same number of lots.
Comment
  • Only 1 order is running at a time, so the margin doesn't have to be too big.
  • With the original, the stuffing volume is 0.1, 0.3, 0.6, 1.2... With this variant, the stuffing volume is 0.1, 0.2, 0.4, 0.8...
  • If the price sideways continuously, it may hit SL many times, but vice versa if it hits TP, it will profit more pips.