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Inter-trade Loss Potential

 
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orkisa

Inter-trade Loss Potential

What is inter-trade loss potential?  I saw this phrase in some of Silver 2 tasks:

4th Down Conversion
10 profitable trades in a row with no inter-trade loss potential greater than 4 pips

3rd Down Conversion
10 profitable trades in a row with no inter-trade loss potential greater than 3 pips

10 Pip Rush
10 trades with no inter-trade loss potential greater than 5 pips

Fri, 07/21/2017 - 10:20am
 
gpdno

That means the trade can never go against you for more than that (3,4,5 pips). So basically, you should consider setting the SL to a pip above the level. Also if you shoot for the 3rd down first, you will also get credit for the 4th down.

Greg

 
orkisa

Got it now. Thank you very much, Greg.
Have a wonderful weekend!

 
Grannie Lee

Oh! So it means the potential to lose within that particular trade? Not other losses on other trades....

Thanks!

 
jayjay

I just came back to apiary and been having problems with 3rd and 4th down. I think this will help.

 
Rookie

@jayjay, welcome and glad to see you back!
Best of the green pips to you.

 
olddreamer515

In short, you HAVE to set the SL to the given number, MAX. Since the 3rd and 4th conversions are in the same set, if you do the 3rd down first, you get credit for both. Right?