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    Determine TAke Profit Point - Trade Point + 2 ATR

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    • V
      VanceDavid last edited by

      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

      0_1617142237752_Constants and Variables.png

      1. [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}

      2. [Block 3]
        • I determine ATR for {Candle id 1}then store in a variable vATR_TradeBar

      3. 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

      1 Reply Last reply Reply Quote 0
      • TipsyWisdom
        TipsyWisdom last edited by

        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

        https://fxdreema.com/shared/OV11rgLkb

        TipsyWisdom 1 Reply Last reply Reply Quote 0
        • TipsyWisdom
          TipsyWisdom @TipsyWisdom last edited by

          that is set to an 1xATR of the last 5 days

          1 Reply Last reply Reply Quote 0
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