Using multiple positions in forex trading

One of the methods I use in trading forex is by opening multiple positions and risking only about 1% of my capital per position.

Here are some rules I use when opening multiple positions in forex

- I follow one direction. Buy or sell and not both
- I make use of entry stops such as buy or sell stops to open
- I set an interval of about 20 to 30 pips for every new position
- I set my stop loss as 100 pips.

Let me give an example:

Assuming I use the following setup:
Capital: $1000
Currency pair: EUR/USD
Risk per position: 1% = $10
Maximum no of trades I can afford to lose = 100 trades

This means that for every position I open and lose 100 pips, I would only lose $10. How do I do that? Let me show you how:

Assuming EU is priced at 1.3300 and I buy at that price, I also setup multiple buy stops that will open when the price hits at maybe 1.3280, 1.3260 and 1.3240.
So I am holding long positions on all these assuming they all open. If I presumed right and the eu appreciates, it would favour me since I am long and I could win 100 pips each for the 4 positions if the prices hits 1.3400. At times I gain up to 100 pips each and at times I may just lose but it is rare.

I don't open opposite positions such as shorts but just focus on my already open Longs. I could hold for days but when the sun keeps shining and the bull arises, all you will see are greens.

The price of currency prices tend to rise and fall periodically and the really way people really make money from trading is if they use a good money management system. Just be able to hold your shorts or longs and you will be rewarded.

At times, this strategy may not work well for you but you would be able to manage your losses and be able to get out when your losses are minimal. Using this strategy of using multiple positions helps one to make moderate profit from trading forex.

Today I was able to make over an average of 70 pips from over 10 positions and that accumulated to over 700 pips but I have been holding for 2 days.
How I closed all of them at the same time was just by manually clicking the Close all button and it worked magic.