single risky position

[talshemtov]

How can I keep open new positions only if others' positions SL at/over entry-level (BE)?
I tried with the "check profit" block but it seems that it is not working well if already multiple positions are running

Ex,
Open Buy position without SL.
Once the Buy position is in 5 pips profit it places a SL at BE and opens a new Buy position,
If the 2nd Buy position is in 5 pips, SL is placed at BE, and so on...

https://fxdreema.com/shared/woYvsCPgb

[talshemtov]

this link dose not open the 2nd position until the 1st is closed

[seb 0]

@talshemtov
Like this https://fxdreema.com/shared/DIkbFrWnb ? Not tested.
What are your entry conditions though ? Are there none ?

[talshemtov]

@seb-0
Thank you,
It works well.
Regarding entry conditions, that can e added later, I was just struggling with the above.

Tnx

[seb 0]

@talshemtov
The other part is the most important. If your strategy beside isn't capable of forecasting price moves, this trick will not save you.
Basically if a system following these rules :
if forecasting is:
-up move -> long X lots
-down move -> short X lots
-no significant move, or unable to know which one -> 0 lots (no position)
Is unprofitable, no matter the money management, no matter how you take positions, it will not be profitable.