During the time of training to be a pilot, Mark was introduced to the trading world and started researching it. Living in Manila, the Philippines, he stumbled upon a broker. After a long affiliation, Mark became the Country Manager of that firm and started to look for opportunities to grow himself more in the trading world.
While dealing with traders all the time, Mark was highly enthusiastic about forex trading and created some personalized strategies. In the year 2015, he entered the trading world, not as a broker but as a trader. He started enjoying the freedom and control that trading offers over one’s time.
This Day Trader has some interesting strategies that he shares. Mark mostly trade EURUSD and GBPJPY on the MT4 platform. He shared one of his trading strategies with The Funded Trader team. Before setting a trade, he looks for the range that is narrowing. So he entered his SL as,
The range of the last few hours; the difference between support and resistance or vice versa, is 140 pips.
140*2=280 pips
280/5= 56pip= SL
So, he places his Stop Loss at 56 pips.
If you want to know more about Mark Mangulabnan’s trading strategies, watch the video.
