Break even when 2 MA crosses
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Hello all,
It was a long time!
I don't understand a logic. I would like to close a trade at the open level when 2 moving average crosses.
Example: I have a buy order on EURUSD at 1.1400. And the 2 MA crosses, the price level is at 1.1390. I lost 10 pips. But as the 2 MA crosses down, I would like to place the TP not at 30 pips above as previously but at the opening level to have 0 pips gained but not looses.Thanks for your help!
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@bagheria Not sure I get it. If I understand it correctly, you want to open the second trade just to cover the loses of the previous one. Is that correct? Should it happen every time a trade is lost? Beacause in that case, what loses should be covered?