Someone help me please on how to Set, stop - pending orders using Bollinger bands
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Need help on how to set pending orders of stops, at the High_price of the upper band of the Bollinger bands (Buy stop) when the price is less or eqaul to the lower band of the Bollinger band, and a Sell stop at the Low _price of the Lower band when the price on the price chart is greater or equal to the Upper band of the Bollinger bands, using fxDreema. Thanks
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@moses-2 Can you please add some screenshot explaining those positions? That would certainly help.
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@moses-2 Sorry. I meant a screenshot on your MT4 chart showing how those bollinger bands are supposed to be met for a trade to open.
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@moses-2 So, If I understand it correctly, you mean this (for a sell stop):
- Close price of candle ID 1 is above the upper band of the BB.
- Search for the closest lowes price and program a sell stop there.
Is that correct?
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yes that is it .
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@moses-2 In that case you need a loop searching for the closest lowest price. Sadly, loops are not my field of expertise. I recommend asking for mr roar's help. He's an expert at loops.
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Thanks , can you please send me his contact
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@l-andorrà the other issue is when i am using martingale strategy,
How can i maintain the lot size the same in case losing trades are followed by and a profiting trade which dose not cover the amount ./ pips lost, in case i water too?
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@moses-2 Well, he's usually reading the forums so maybe creating a new thread with his username in the title can work.
On your second question, I'm not sure I fully understand. A martingale is always doubling lot size at every loss. What do you exactly mean?
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in case i have being losing and the following trade, kind of makes a Gross profit and cancels out without hitting the Take profit to cover for the lost trades.
instead of it resetting to the initial lot size which was (0.01), and now at making the Gross profit, it is at ( 0.64).
I want to know how to set the next trade at the some lot size of (0.64).
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@moses-2 That is anothr loop beacuse you need to check to past trades in order to condition the following one. This loop should be different from the previous one, though.
