Entry Point
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Hi,
I am struggling to identify the correct way to make entry.
As I want to enter into a buy trade when price moves up by x points from previous trade closed and when we load the EA on chart. Similarly with sell trade. -
Are both scenarios supposed to happen at the same time or separately?
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Seperately,
As when we load the EA on chart, suppose if we set pips gap as 20 pips. So opening second trade at 20 pips is simple in reference to first trade but how to make price at point of loading of EA a reference point to open first trade at 20 pips from that reference point when EA is loaded. -
The problem with the second scenario is that price can be far, far away from that last open price at the exact moment the EA is executed on the chart. Should it be open a new trade at a 100 pips distance just because it is beyond that 20 pips distance?