There are 4 ways of trading with multiple targets(TP1, TP2, TP3):
You just stick only to target 1, meaning the TP should be only target 1 with normal SL as into the signal. In this way it will be a small profit but no more tracking the charts. SL must not be more than 2% of capital.
Open one trade. When trade goes into our direction and it is near of target 1 move SL to the entry and TP on target2. When market keep going into our direction and it is close of target 2 move SL on target 1 and TP to target 3. When market it is close of target 3 keep the TP on target 3 and move SL to target 2. SL must not be more than 2% of capital
Open 3 trades all having same SL. 1st trade must no risk more than 1.2% of capital having TP on target1. 2nd trade must no risk more than 0.6% having TP on target2. 3rd trade must no risk more than 0.2% having TP on target3. 1.2 + 0.6 + 0.2 = 2% maximum risk of capital.
Open one trade with SL as into the signal and TP on target1. Open a pending order at target1 with SL of entry of 1st trade and TP on target2. Open a second pending at target2 order with SL on target1 and TP on target3. The SL of the first trade must not have more than 2% of capital.
Salah Isam known as XtremeTrader made a video about this, you can see it on link bellow:
The maximum amount a trader may risk on a single trade is 2 percent of his equity. If you have a $1000 account, you may not risk more than $20 on any trade.
For example Stop Loss it is setted at 50 pips, wich that mean 20 / 50 = 0.4$. Calculating 0.4$ it is around of 0.04lots.
As you can see, it´s not that complicated to follow our Forex signals. Once a signal appears live on our telegram channel you get an alert on your phone, open a trade at the spot price in the same direction with our signal.