How i average down

Firstly, i am a noob, i know basic economics and a good grasp of technical analysis, which really doesn't add up to much.

O well, most guys are noobs when they start ! i've been 'into' trading for almost 2 years. the first year was dossing about, the second year was very intense and i have improved a lot in both technical and economics aspects.

I had the help of a very good trader too, he told me about averaging down about i year ago and it's only about a month ago i've come to realise the usefulness of this tactic, many other professionals do it too.

Right, i average down into pullbacks in trends. Like GBPUSD, uptrend and looks like it needs a pullback and looks overbought, instead of setting a buy limit on 'where it should bounce' i set several buy limits, each an amount between each other: each have the same stop loss and risk is CAPPED, unless gap downs etc; but shit happens and if a 170 pip gap up is as bad as it gets, i'm in.

My buy limits double the further down, as in , i start at 0.1....0.2....0.4...0.8. bringing my average price closer.