open new buy position at every 20 pips profit on the previous buy position
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Hi guys, I am trying to achieve this. Open new buy position when the last buy position is in 20 pips profit.
I have attempted this couple of times but the new buy position does not trigger.
Here is the link to what I am done.
https://fxdreema.com/shared/MgUapxXNbPlease help me figure this out. Thanks
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You could use Buy/Sell Pending Orders in Grid set at 20 pips apart....*
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@Obimbs You can also do it this way:
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@Morpheus_0, I had tried the pending order in grid days ago, but it was throwing up error. The error was maximum pending order limit reached. It then proceed to cancel out all most of the orders. That is why I am try to see if I can adopt this method instead
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Could you not close all trades and start again before the maximum is reached...?
Hopefully l'andorra's method might work....*
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@l-andorrà Thanks . I have tried that as instructed but it still open only one trade
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@Morpheus_0 I actually need the previously open trades open so that I can check the cumulative loss/profit. Except if there is a better way to check them after closing them
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Perhaps in the On Trade tab using Trade Closed>Check Profit etc...?
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So when each buy entry reach 20 pips it will open a buy again the cycle continue?
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@keanzoe Yes, continue to do so.
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I know this one, but i never use total of money to trigger another block. I usually use the pips. I'll try soon. I'll be back again when i successfully try it
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@Obimbs Can you please share the link to your project? My solution should work.
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@keanzoe Thanks. This works actually, but there is a limit to number of pending orders that be opened same time. Once reached, it stops and leave the remain unopened
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@l-andorrà Thanks.
here is what I have come by as you guided.https://fxdreema.com/shared/ZR8IdhoBd.
But it still could not open more than a trade after 20 pips profit
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Obimbs - Can you try this:
Disconnect Blocks 2 and 3
Remove the 1 in the Not More Than field
You would also have to make the pips_gap a variable so the sequence away from the parent trade is 20/40/60...etc....
This would also mean you probably wouldn't need the Once per Position block.... -
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i set it as four, after 4 trades it wont generate the pending order. however, after you set take profit block, put make sure you turn on the block again..
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@Morpheus_0. I have done that. It still did not work as exected. here is it. https://fxdreema.com/shared/y1gqWOzdc
I hope I got what you ask me to do right
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@keanzoe Thank you. If I am going by pending order and switching it off , I will like to keep making new pending order when the last one has been executed. This will probably continue until to condition to close all trade is met. Is there a way to achieve that?
