Determine TAke Profit Point - Trade Point + 2 ATR
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I simply do not know where to find the right blocks in many cases; then there are logic issues.
Shared Link: https://fxdreema.com/shared/GBNupf70e
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[Block 2]
• What does cross width do? If I change from 1 to 5 how is logic affected?
• EMA9 {Candle id 1} x> EMA20 {Candle id 1} -
[Block 3]
• I determine ATR for {Candle id 1}then store in a variable vATR_TradeBar -
I want to calculate variables for Stop Loss and take Profit (used in Buy Block 4)
• How do I save the trade price into a variable (vTradePrice) (Don’t know where to obtain trade price
• How do I save the trade lot size into a variable. (vTradeLotSize)
• How do I add … vTake profit = vTradePrice + (2 time vATR_Tradebar) : I want to set Take Profit as Trade price plus 2 ATR
• ??? How do I calculate vStopLoss = vTradePrice - (1 time vAtr_Tradebar): I want to set Stop loss as Trade Price minus 1 ATR
Summary
I do not know how to:
• Find Trade Price then save trade price into variable
• Find Trade Lot Size thensave Lot Size into variable
• Calculate Take Profit Point = Add Trade Price + 2 Time AtR
• Calculate StopLoss Point = Trade Price minus ATR to establish Stop Loss -
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knowing that ATR when doing the math is literally a translation of "pips," that makes it easier to find a solution to closing each opened trade with a target of 2xATR. I'd do it like this:
look at the buy now block
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that is set to an 1xATR of the last 5 days