فوركس ساتو

Advantages
The advantage of using this method of straddling is that you can place a trade
and leave (no baby sitting required) that is open ended for unlimited profits
with only a fixed risk (your risk is only the distance between your two entry
orders). Furthermore, your ultimate risk is only half of the ultimate risk of a
standard straddle, thus you may engage in a full trade (based on your equity
management risk levels) for each trade. For example, if you can normally risk
2% then with a regular straddle you should place each entry order risking only
1% each (both totaling 2%), but with this technique each trade can be for
sufficient lots that would amount to 2%, thus your potential wins can be twice
as big.
Disadvantages
The disadvantage is that if you experience a fake-out (bull/bear trap) then the
market reverses and keeps going through the other breakout price then you
might lose the opportunity to be in that successful trade.
Do the “Advantages” outweigh the “Disadvantages”? I think so, but I’ll leave
the decision up to you. You’ll find situations when doing this works, and
situation when this doesn’t work for you. Ultimately you are cutting your loss
in half, or doubling your potential gains, which in my opinion leaves you with
a net advantage overall (as not all breakouts result in bull/bear traps).
The bottom line is that I’m not suggesting that you exclusively adopt this
method of straddling and divorce the standard straddle technique. I’ve simply
presented you with an alternative method to add to your trading
toolbox. There are some circumstances when you’ll prefer the “Netless
Straddle”, and other times that you’ll prefer to go with the standard
straddle. There are a few opportunities in this “Sailing” eBook when the
Netless Straddle is specifically appropriate, such as a variation of the “Forex
Roulette” trading the high/low breakouts of day candles.