Simple Strategy setup, help required
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HI, Im new too FXDreema. I want to setup a simple strategy based on % from original buy.
So if the price goes up by 1% - then a limit sell at that exact price 1% up from original order. (I don't want to have to work out the exact price - it should do it for me based on % I Input...)
Also - the if the price goes down 1% - then buy again. There should be an OR between these two - if it goes up OR it goes down....
It might be a newbie question.... but then Im a newbie!
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I'm not sure what you mean by proce going up for 1%. If price is 1.2000 now then you need a pending order at (1.2000 x 0.01) = 1.2120. Is that correct? But when do you need it to be launched. At the moment price reaches 1.2000 or when you say otherwise?
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Yes - the first buy is made, we now have the price... so then need to place a pending limit sell order for +1% of the price it was bought for
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But is the initial order manual or automatic?
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initial - market buy. Rest I want to be a limit sell that it should automatically work out on % from initial market buy
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I'm not completely sure this is what you are asking for, but you can try. Thisis only for buys.