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🔃 Last Updated on April 24, 2024
The Pendulum strategy (Swing EA) model involves opening sequential pending orders with increased lot sizes.
The principle behind this strategy is to place two pending orders, and when one of the orders is activated, the second order is re-pending before the entire basket is closed by take-profit.
The Pendulum strategy (Swing EA) is a popular trading model that involves opening a sequence of pending orders with incrementally increasing lot sizes.
In this model, the trader waits until the price moves in a particular direction and then opens a buy or sell position with a specific lot size.
If the price continues to move in that direction, the trader opens another order with a larger lot size, and so on.
The idea is to take advantage of the market’s momentum and maximize profits while minimizing risks.
However, the Pendulum strategy (Swing EA) requires careful risk management and a deep understanding of the market’s behavior.