This style is Hedge trading, creating a full sized risk free position in both directions.
Closing 50% of each position at 2R creates a risk free position, should price move to the stop loss, profit for each position would be 0.75R
Closing 50% of each remaining position at 4R Secures 2R profit on all positions, should price move to the stop loss, profit for each position would be just over 1.9R
Closing 50% of each remaining position at 8R Secures 3R profit on all positions, should price move to the stop loss, profit for each position would be 2.875R
Closing 50% of each position at 2R creates a risk free position, should price move to the stop loss, profit for each position would be 0.75R
Closing 50% of each remaining position at 4R Secures 2R profit on all positions, should price move to the stop loss, profit for each position would be just over 1.9R
Closing 50% of each remaining position at 8R Secures 3R profit on all positions, should price move to the stop loss, profit for each position would be 2.875R
The following is correct:-
CLOSE 50% AT 2R, IF STOP HIT 0.5R CLOSING PROFIT
CLOSE 50% AT 4R, IF STOP HIT 1.75R CLOSING PROFIT
CLOSE 50% AT 8R, IF STOP HIT 2.875R CLOSING PROFIT