Stop Loss percentage
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Greetings,
I have many strategies in my mind. These strategies involve placing a lot of trades with minimal take profit. However, there will come a time where one position's loss will result in a massive decrease of current balance; it will outweigh all the other profitable position previously taken.
I will be sharing with you, one of my many strategies (inputs are adjustable).
Shared Project: https://fxdreema.com/shared/Ery4IBlVc
My objective is to create an EA that recognizes when a losing open position, and the loss currently represents 20% of all previous profitable positions taken, I would like for the EA to close the position.
The shared project above is just an example of how intense the number position will be taken over a set period of time. Just to be more accurate, after a set of position has been taken, the next position will have a stop loss that represents 20% of all previous profitable positions taken.
Also, I would like to know, how to have the initial lot size 1 for example, and as more position taken increase, as the lot size decreases. Once lot size at an all time low, then reset lot size back to the max ( in the case, 1)
Also, is it possible to add a breakeven profit. For instance, if conditions are met, and positions is opened, and profit remains 0 from the start of the opening positions, then close the positions.
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@ramimoujaes Please condider to modify yor project as per my suggestion in your other thread. Your money management is certainly complex. Can you please provide a numerical detailed example of several trades to be managed?