Condition for loosing trades...

[avrahambr]

Hi!

I want to make a condition that if 3 or 4 of the last 4 trades were in loss (arrived at SL) then...(then the next trade will be opened at only 0.01 lot...).
How can i do it ?

Regards,
Avraham

[roar]

[avrahambr]

Thanks roar. However it's not exactly what i wanted, but close to it.
Furthermore, last days i thougt that my idea isn't so good. I will have to think more about it.
And thank you again.

[roar]

You're welcome.

My own opinion: previous trades can't affect your future ones, they don't have any valuable information to the new trade entry.
This is also why I don't use fixed targets, I always open and close by the chart analysis and nothing else.

[avrahambr]

But how do you enter this analysis into automation?

[fxDreema]

In "Buy now" and "Sell now" you also have few Money Management methods. Basically this is the way to decide the next lot size based on the lot sizes and the profits of the previous trade/s. One of the methods is "Betting: Custom sequence" where you can select what lot sizes to use when the previous trades were losses or profits. I don't know whether this helps, but you can try it Also the Martingale itself is customizable.