Basket TP based on money profit
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Hi, I know this has been discussed before, but so far no one seems to have found a solution. I am trying to place a TP for a basket of orders with different entry prices and different lot sizes. The TP should be placed at the price level where the accumulated profit of all the orders will reach x money profit.
I am aware of the solution with using "check profit unrealized" block and then close all positions when x money profit is reached. But I am trying to find a way to place a TP order at that price level.
Does anyone have a solution or an idea how to do this?
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@piptheripper The only one I can think of right now is by using some custom code doing that specific calculation. AFAIK no fxDreema block can do what you want, sorry.
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@piptheripper said in Basket TP based on money profit:
Hi, I know this has been discussed before, but so far no one seems to have found a solution. I am trying to place a TP for a basket of orders with different entry prices and different lot sizes. The TP should be placed at the price level where the accumulated profit of all the orders will reach x money profit.
I am aware of the solution with using "check profit unrealized" block and then close all positions when x money profit is reached. But I am trying to find a way to place a TP order at that price level.
Does anyone have a solution or an idea how to do this?
What you are asking for is illogical it seems to me, at least with the current way of thinking of it.
Your profit target is one of a money.
The target you seek is that of a price level.All you are trying to do is draw a line at a money value in comparison to price. That to me means you have to use a formula, that includes a way to convert they money target back to pips and then add pips to current asking price, or bid price.
