Yes Amit.. you are right. Thats why I said " Most of the time". and if we adopt this strategy to add, then one should be very cautious on removing this add once we see the trade is not going in our add direction / showing signs of reversal ( for that too we should have plan to remove adds
. One more thing ... one should be consistent in doing this.
Not backtested . It is just an overall observation. Definitely one can adopt it after thorough back testing. Will do it soon.
Thanks
Manoj