Automatically add lot volume when trade goes wrong..similar to martingale but not exactly.
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Let say i make buy entry but failed to hit the TP. So when price go to -30pips ea will open new buy position but different volume and different TP target(one TP only-always modified), it will repeat the process until the price hit the TP.
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Different volume and TP... this almost sounds like a different "Buy now" block. You can reuse one block with different input values, if you are using some Variables, but how do you really want to do it - with 1 block or with multiple?
And what means "Different". Because I can say that I want such volumes - 0.1, then 0.3, then 0.2, then 0.1... - those are like random numbers, there is no system in them. Or I can say I want to double the lot size, which is a system and is called Martingale, as everybody knows. And in "Buy now" you have this Martingale option.
Not only Martingale, but you have this "Betting: Custom sequence" option, which is probably the one you want to use. Try it.
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Martingale and other betting methods use SL before making new entry.. But I dont want to put SL, just pending order. Since you said that we can reuse same block with different input values, how exactly to do that?
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Youre describing some kind of grid system.. Take a look at those "buy/sell pending orders in grid"
I think those blocks open stop-type orders by default, so you need to put a negative number somewhere (grid size) to set the block putting limit orders. -
thanks roar & Admin..this is the link to understand better. https://fxdreema.com/shared/JOOSxfDId .. I edit some block due to limitation of free user but the point is here.. I will rebuy if price is below 25pips from entry and repeat again and again. the problem is, i want to repeat same block "rebuy" but different lot and TP target.. No SL will be used.. i copy this system from someone' ea that survive 6 years on the market but only works on micro acc..
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If your volumes and tp follow some linear, simple logic, the grid block should work.
Test this
https://fxdreema.com/shared/S86qs94dd -
That is good idea roar but how about the pending expiration. I have trouble with that. You set expiration on every 5 hours. And when price wont hit the TP on next 5 hours the PO will disappear. Is there an option that all the PO will automatically disappear if the price hit TP only?
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sure there is plenty of way to do that. try something like this
OnTrade -> position closed -> delete pending orders -
I've been searching that block since yesterday.. Where exactly the the
"OnTrade -> position closed ->".. i found 'take profit' but seem not working.. can you help screen shot.. -
Here. It's just a guess, I haven't actually done that..
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@roar said in Automatically add lot volume when trade goes wrong..similar to martingale but not exactly.:
Here. It's just a guess, I haven't actually done that..
The "Trade close" on the picture is a block? if it is then i swear i haven't found it...
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check the tab - we are OnTrade, not OnTick
