Continuation Trades

[Gwydaer]

Hey Guys,

I've hit my limit on how much I can do at my current level of understanding without assistance so sorry in advanced for asking if it is a super obvious answer, I've attempted several ways to include "continuation" trades into my first EA without luck. Any help is much appreciated.

My current set up is as follows:

And shared link: https://fxdreema.com/shared/Z5qLm6SEd

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The EA I'm attempting to build is based off an indi which works in the same way as the RSI.

It enters longs when price crosses above the 20, and;
It enters shorts when price crosses below the 80.

Trades are entered in two parts, risked at 1% of account equity each;

The first part having a SL = 1.5 * ATR, and a TP of 1* ATR
The second part having a SL of 1.5* ATR, and no TP

If the First part hits TP, the second part moves its SL to BE

and

If price is >2x ATR, a trail stop of 1.5* ATR is placed.

And finally trades are exited if:

For Longs; price crosses below the 50 or 80 level
for shorts; price crosses above the 50 or 20 level

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I've successfully got everything up until this point running perfectly. However this is where I've become stuck, the (hopefully not so dreaded) continuation trades.

My aim is to add functionality where the following occurs;

1. If either shorts or longs hit their SL before taking profit and there is no exit signal, that both trade parts re-enter with new adjusted ATR based SL/TP levels, like how they were originally entered before being stopped out. This trade is to keep re-entering if it gets stopped out until an exit signal or opposite buy/sell signal is given (this cycle sounds like the hardest part for me to create).

and

2. If a trailing stop or break-even stop is hit, I'd also like it to re-enter with a new trailing stop behind it, and it is to continue re-entering if it gets stopped out again until an exit signal or opposite buy/sell signal is given (again unsure on how to get this cycle going).

An example below is where a long continuation(s) needs to fit in after TP has been hit.

.

I'll continue to be playing around with utilizing groups & boolean variables to get these continuation trades working, however if someone could point me in the right direction with these how to get this to work that would be fantastic.

Cheers!

[Gwydaer]

https://fxdreema.com/shared/nH8WdPvV

I've updated where I'm at above with my trail/error work

[l'andorrà]

@gwydaer Are you sure that custom indicator works properly? I don't see the red buffer available.

[Gwydaer]

@l-andorrà

Hi Andorra

I'm running the indicator off a single signal line (colourless buffer). I don't use the red (not shown)/blue buffer options for it when using it in FX dreema (it shouldn't require it). All back tests run in MT4 work as expected with standard entries using this single signal line buffer. I don't think using the other two buffers as a filter would work too well with this strategy either due to the 50 level being an exit signal

[l'andorrà]

@gwydaer Then you need a profound reestructuration of your project. You wil need (at least) the following:

1. Storing the initial values of all 'initiating' trades into variables.
2. Creating separate groups for 'initial' and 'continuation' trades.
3. Selecting different groups for exiting conditions. Some belonging to the 'initial' and others to 'continuation' trades.

Are you familiar of creating groups?