Create Grid with Conditions of Minimum Distance + Indicator Signals
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I'm trying to enter an initial trade based on two Stochastic conditions, and if price travels against the position X number of pips, then enter additional cost averaging trades based upon the same Stochastic conditions. So far it seems that my grid is just basing itself only upon pip distance. Please advise, as I'm a bit stuck.
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@toddler4372 Have you tried to put your X pips to the "Base price: Offset"? Does that work?
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Thanks for the reply, roar. I'll have to look into what you're saying and give it a try. I should add that my original post isn't quite accurate. It's placing trades based upon the stochastic conditions fine, it appears, but I need it to respect a minimum distance first even if the 2 Stochastic conditions are met. Ideas?
Here is a screenshot of the test:
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@roar I just now tried what you suggested and it appears that it's still not respecting the pip distance. I set it to 30 pips and it was still placing orders 20-25 pips away. So I'm sure I missing something.
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I understand what's happening now (I think). It's placing orders fine based upon the grid settings. It's just that this one pending order (pictured below) was sitting inside a gap and ended up just opening when price opened below. The following order was then placed correctly on the grid based on distance.
So that leaves me with my main issue.
- I still need my two stochastic conditions to pass before the pending grid order is placed, but after the first order it doesn't seem to be accessing those conditions.
Ideas? (latest project share here)
https://fxdreema.com/shared/6YOF3yQ2d -
Any help?
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@toddler4372 said in Create Grid with Conditions of Minimum Distance + Indicator Signals:
Any help?
It does access the same conditions for all orders - the whole grid is always set up at once.
Grid size and offset parameters are a bit weird to use, its is not very intuitive.
To get limit orders instead of stops, try these inputs (the offset is exaggerated):
