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    Scale Out with Partial Close and Trailing Stop

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    • D
      Darekl last edited by

      Hello,

      I'm fairly new to FXDreema but am absolutely impressed with it's capabilities and the potential. I'm trying to figure out how to properly scale out my trades.

      Here is what I am trying to do:

      For each POSITION (BUY or SELL)
      Step 1: After opening a trade, wait until price is 50 pips away from PARENT Trade Open, then partially close 25% of the trade volume ONCE.

      Step 2: After first partial trade is closed, wait until price is 50 pips away from PARTIAL Trade CLOSE, then partially close another 25% of that trade volume ONCE.

      Step 3: After Step 2 partial close, initiate trailing stop. The way I currently have trailing stop set is to set it at 50 pips, with 100 pip step. This way, it doesn't initiate until the culmination of the first two steps is triggered past the 100 pip mark.

      ISSUES:
      The issues I am facing is that even though I used the FOR EACH TRADE and ONCE PER TRADE/ORDER blocks as recommended in this situation, once the STEP 1 first 50 pips are reached and partial close is activated, if afterwards the price falls below 50 pips from Parent open, it runs step 1 again, and does another partial close. I need it to literally only run ONCE per position. For instance, if a SELL position is opened, only run STEP 1, STEP 2, and STEP 3 once. If the indicator changes to create a BUY Position, I also want STEPS 1-3 to run ONCE. I'm good on the trailing stop, it's the first two steps that are giving me trouble and I cannot figure out how to make it work only once, and not continue to repeat with the partial closes.

      I would appreciate the community's feedback as you guys are way more knowledgeable about the innerworkings of FXDreema than my current capabilities. Thank you in advance.

      LINK TO PROJECT: https://fxdreema.com/shared/C0vLpXeab

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      • l'andorrà
        l'andorrà last edited by

        You can try this:

        0_1591373377708_01.png

        You need to specify the second pips distance from open price. Otherwise you are simpli duplicating the first step.

        (English) I will try to help everyone in these fxDreema forums. But if you want to learn how to use the platform in depth or more quickly, I can help you with my introductory fxDreema course in English at https://www.theandorraninvestor.eu.

        (Català) Miraré d’ajudar tothom en aquests fòrums d’fxDreema. Tanmateix, si vols aprendre a fer servir la plataforma amb més profunditat o més de pressa, t’hi puc ajudar amb el meu curs d’introducció a fxDeema en català a https://www.theandorraninvestor.eu/ca.

        (Español) Intentaré ayudar a todo el mundo en estos foros de fxDreema. Sin embargo, si quieres aprender a usar la plataforma en profundidad o más deprisa, te puedo ayudar con mi curso de introducción a fxDreema en español en https://www.theandorraninvestor.eu/es.

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        • D
          Darekl last edited by Darekl

          Thanks for the reply. I have tried this method already where I used 50 pips for the first partial close (where you show 30) and 100 pips for the second partial close (where you show 60). What ended up happening is that the first partial close would continue to repeat every time the price moved above 30 pips from open price, and if it fell below it again, it would initiate the 30 pip partial close again. That's the issue. This leads me to believe that this first partial trade continues to get reset every time it fires and when the 30 pip mark gets hit, it initiates it again looking at it as a brand new trade. That's what I am trying to stop so that it only runs once and not repeatedly.

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          • D
            Darekl last edited by

            Maybe this will help to describe it more visually. Thanks.

            0_1591417122458_73975549-6681-4f6c-b375-1a2125a0eb0a-image.png

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            • l'andorrà
              l'andorrà last edited by

              Then you need to connect a 'Turn OFF block' connected below block 64 indicating block 61. That way the fist partial close will not be executed anymore. Same for the second partial close and then turn them On again once the trade is closed.

              (English) I will try to help everyone in these fxDreema forums. But if you want to learn how to use the platform in depth or more quickly, I can help you with my introductory fxDreema course in English at https://www.theandorraninvestor.eu.

              (Català) Miraré d’ajudar tothom en aquests fòrums d’fxDreema. Tanmateix, si vols aprendre a fer servir la plataforma amb més profunditat o més de pressa, t’hi puc ajudar amb el meu curs d’introducció a fxDeema en català a https://www.theandorraninvestor.eu/ca.

              (Español) Intentaré ayudar a todo el mundo en estos foros de fxDreema. Sin embargo, si quieres aprender a usar la plataforma en profundidad o más deprisa, te puedo ayudar con mi curso de introducción a fxDreema en español en https://www.theandorraninvestor.eu/es.

              1 Reply Last reply Reply Quote 0
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