Hi!
Im locking for a Trade Managing ea that have some specific tools.
Need it to close a basket of trades in $ TakeProfit, but also have it to lower the basket $ TakeProfit according to number of open trades.
Say there are 1-3 open trades then it should have a basket TP of 100$.
If another trade is opened, 4 open trades, it should lower the basket TP 10$ to 90$.
5 open trades - 80$, and so on until it reaches Break-Even.
When BE is reached it should not lower the TP any more.
Is there a Trade Manager that does this allready, or is there anybody that can help me code it?
Regards
Thomas
Trade Manager ea help
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milanese
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Trade Manager ea help
Hi Thomas,OneandOnly666 » Sat Jul 19, 2014 8:46 am wrote:Hi!
Im locking for a Trade Managing ea that have some specific tools.
Need it to close a basket of trades in $ TakeProfit, but also have it to lower the basket $ TakeProfit according to number of open trades.
Say there are 1-3 open trades then it should have a basket TP of 100$.
If another trade is opened, 4 open trades, it should lower the basket TP 10$ to 90$.
5 open trades - 80$, and so on until it reaches Break-Even.
When BE is reached it should not lower the TP any more.
Is there a Trade Manager that does this allready, or is there anybody that can help me code it?
Regards
Thomas
you can try the one attached in this post http://www.stevehopwoodforex.com/phpBB3 ... 024#p93024
Cheers
Tommaso
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OneandOnly666
- Trader
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- Joined: Fri Mar 16, 2012 10:16 pm
Trade Manager ea help
Thanks for the help milanese, but it doesnt really do what Im asking for.
Need it to have a cash $ basket TP that changes 10$ lower for every new open trade.
the first 3 open trades should have the same basket tp, for every new open trade after that it should lower the basket tp with 10$.
Regards
Thomas
Need it to have a cash $ basket TP that changes 10$ lower for every new open trade.
the first 3 open trades should have the same basket tp, for every new open trade after that it should lower the basket tp with 10$.
Regards
Thomas
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OneandOnly666
- Trader
- Posts: 14
- Joined: Fri Mar 16, 2012 10:16 pm
Trade Manager ea help
Isnt there anybody that can help me with this regressive basket profit?
The reason for it is to lower the risks if you are running a martingale grid system.
If there are more than a few open orders in the martingale grid, we expect the market to pull back a little bit so we can take the basket profit. But so often does this not happen because the basket profit is to big or the pullback to small and the trend of the market continues further on the wrong way until the system crashes.
My idea of the regressive basket profit makes it less need for a pullback in a trendy market.
Atleast maby save some dollars and prolong the martingale grid system.
Feel free to comment on my idea or even better help me code it.
Regards
Thomas
The reason for it is to lower the risks if you are running a martingale grid system.
If there are more than a few open orders in the martingale grid, we expect the market to pull back a little bit so we can take the basket profit. But so often does this not happen because the basket profit is to big or the pullback to small and the trend of the market continues further on the wrong way until the system crashes.
My idea of the regressive basket profit makes it less need for a pullback in a trendy market.
Atleast maby save some dollars and prolong the martingale grid system.
Feel free to comment on my idea or even better help me code it.
Regards
Thomas