check Trades and adjust Take Profit
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How can I give the order that a query will only be made for an open position? If this is true then he should check the next condition and, if necessary, open the next one with dobble Lotsize of the position and then adjust the take profit for all trades.
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@boll3k More details would be appreciated. Can you please explain a more detailed example of what you need?
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If a position is already open e.g. buy position. The price continues to fall and then another position should be opened if the condition is correct but with double the lot size. After the second buy position, the TP should be modified from the first and second buy positions. If the price continues to fall, then open a third position with double the lot size of the second position and modify the TP of positions 1, 2 and 3 again. etc
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@boll3k Is the second one the latest version?
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yes it is but it doesn't work the way I would like it to.
After the first trade is opened, for example in EURUSD buy 1.1800 the TP is 1.1833 with 0.01 lots. If the price continues to fall, a second position is opened at 1.1770 with 0.02 lots and the TP is then at 1.1803 for both positions. If it continues to fall a 3rd position will be opened at 1.1740 with 0.04 lots and the TP of positions 1,2 and 3 is now 1.1773. etc..
After 30 pips a new position with double the lot size is opened and the TP is always 33 pips away from the last position.How should the blocks look like so that all TPs of the positions are on the same level when a new position is opened?
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Hey, @boll3k
Have you tried using the "pips away from open price" block?
If you put a negative value in it, it will basically act as a condition block for seeing if price has moved backwards by a certain amount of pips.
So, something like
"for each trade"
"pips away from open price" = -10Then you can use an add volume block, buy now, whatever you wish.
Maybe you could add a formula block in or something after that. That formula block could be something like "lotsize (the constant/variable that you have your lot size stored in) x 2" and then store that and use that for your lot size value for your new trade order.
I'm still a super noob with FxDreema, so I'm still learning, but I hope this can be of help to you. Maybe someone else can come along with an easier way or something, but this is how I would try to do it myself currently.
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I've tried it, but I can't do it.
What should a formula look like so that the next position is twice as large as the position before it?
Since it is an extended form of Martingale, I want all trades that go in one direction to have the same TP, which is given by the currently largest position. How do I do that?
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@boll3k They have some built in Martingale features in the "buy/sell now" blocks. I've not messed with them, but that might be enough for you, but as far as the formula, I was thinking something like this
So, on the left, you have whatever conditions you have to enter a long
Then it stores your "lots" input into a variable.
Then it places a buy now with the "lot" variable for the trade size.Afterwards, however you choose to do it, you've got the for each trade
pips away from open price (put a negative here if you want to count pips against you)
then a formula where you multiply the previous lot size by a scaling factor you've predetermined. It stores this in a "New Lot" variable.
Then it has a new buy now with the "new lot" for the lot size.
If it successfully buys, then it stores the "new lot" value into the "lot" variable.
That way, the next time it loops, the lot value has increased.I'm sure there's more effective and efficient ways to do it, but as a noob, this is how I'd approach it. I hope this is descriptive enough to give you a framework to start with, at least. There's usually more than one way to accomplish a task in this arena, I'm starting to learn.
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