Mark/flag a trade?
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Dear Friends & @fxDreema ,
Is there any way to mark/flag a trade?
Forexample, if I want to add volume to a trade that is in a loss. After adding volume to such trades, I want to manage them in a different way. So I need a way to distinguish volume added trades.
Any ideas appreciated.
Regards.
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I guess you can create different groups for every new addition, but I have never tried that myself. That would create parent trades. Can someone else confirm this is possible, please?
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Hi @l-andorrà ,
Thank you for your reply.
I already create groups for every new trade and new additions added to the groups. But since I don't know how to differ volume added groups/trades, I can't proceed.
Regards.
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Can you please share your project?
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Hi @l-andorrà ,
add to volume block trades have modified comment fields. I may use it
Thank you for your kind help.
Regards.
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I'm afraid I don't follow you now. Can you please explain a bit more?
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Sure @l-andorrà :),
Sorry I didn't see your reply because no notification was displayed for this.
Add to volume block adds comment to the created orders by this block.
I see comments like [p=TicketNumber] in my demo account for volume added trades by add to volume block. I thought, I can search this field and manage volume added trades in a different way. This is one of my options.
Hope it's clear for you.
Regards.
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Honestly, it depends on your current distribution of blocks. I guess you prefer not to share your project but, can you please at least share the relevant part of it?
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Hi @l-andorrà ,
It's not related to a project
I was wondering how to recover bad trades and thought if I can differ volume added trades and manage them differently, for example decrease the take profit target by half, it could be a solution for me. So I need to find a way such as using mark/flag for trades. That was the idea Regards.
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Could you please detail a specific example? Maybe I would be able to find a suggestion to do.
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@paragorundu Each trade you take increases your risk! So better know and accept your initial risk and if the trade doesn't work out the way you wish end it. That saves your account best!
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Hi @trader-philipps , thank you for your warning. I am trying to find an optimum way to minimize loss for my self.
Hello @l-andorrà ,
For example, let's say I created a strategy that buys when candle low touches lower line of the band and exit trade when price reaches the middle line of the band. But when price goes below the lower line without reaching middle line trade turns to a bad trade. We never know if it goes up or deeper. Using a stop sure is an option but many times stops below my profit or ended profit potential trades.
So, I am wondering a way to exit bad trades without loss or big loses. Sure it's not an easy or certain solution. The idea was to mark that kind of trades created by EA and manage them in a different way.
Regards.
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What about a limited time (candles) before closing the trade if your target is not reached? Would it fit your strategy?
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@l-andorrà It's like time based SL, can close trades with loss.
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You can do that with variables controlling both candles and losses. One for counting how many candles the trade can be open and the second one to limit the losses. Would it make sense for you?
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It's not working for me, sorry. Thank you for your kind help
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@paragorundu For managing bad trades, it's often useful to just use a trage age filter: your wins are usually fast trades, and loses take a longer time.
This naturally depends on your strategy, but should work well with that bb system you described -
I will give it a try. Thank you @roar.
