Wel maybe not. However, what im about to show you is a new interesting approach to money management that might work. Say that you buy one lot currency at 50. Then it moves down to 42 and you buy one more extra lot. But it keeps moving down another 8 pip to 34 and then you buy 2 more lots(doubling your lot size). But it keeps moving down yet another 8 pips to 26 there you buy yet 4 more lots. It keeps moving down to 18 and you buy 8 more lots, but it keeps moving down to 10, where you close your position. If one lot is worth 10 dollar, spread is 1.2(as it is with oanda on eurusd)you have incurred losses of ((8+1.2)+(8+1.2)+(16+2.4)+(32+4.8)+(64+9.6))*10=1385.6 dollar. And lets say that your chance of winnning is 50%. Your take profit is 8pip. If chances of losing is 50%, then the the probability of having 5 consecutive losers as the example illustrated is (0.5^5)*100=3.125% And the rule is to only close after the market goes against you 5 times in a row. If you do 100 trades, given what is said above, these losses and profits will occur: Losses: 3.125*1385.6=4330 Profits: ((100-3.125)*80)-((100-3.125)*(1.2*10))= 6587.5 Result= 6587.5-4330=2257.5 dollar. Well, one could argue whether the the chance of winning is 50% if you go against the trend in a trending market, so obviously, this method should be applied in ranging markets. One could also argue whether 5 losses(with 8pip) would ever happen in a ranging market. One would also employ this method with discretion, and evauluate whether the market is trending or ranging or change the rule of closing after 5 losers, to only 2 losers,if one comes to the conclusion that the market is beginning to trend. And of course, if you have been trading for a while, im sure your chance of winning is more than 50%, so the premises given in the example could have been better. And if you are only trading during ranging markets you would automatically have a winning percentage higher than 50%, if you buy at low and sell at highs, because 5 losses of 8 pips in the same direction in a ranging market isnt too common. Well, i just came up with this idea now. I would like some input. Im also sure that there are similiar approaches to take profit that increases your probability. So I would appreciate any suggestions on money management technique swhen it comes to take profits.