increase lot size on next trade
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Help please ( see shared link below)
I want this set up to buy when the conditions above have been met, then check when the trade closes and if it is a loss it should go through the conditons again but this time increase trade by x amount of the previous trade. How can I achieve this without using the martingale trade type?
I want to do it this way so that I can apply a trailing stop for the first buy trade and a fixed profit for the second buy trade. The martingale option does not allow me to have different take profit options for each trade in the sequence.
https://fxdreema.com/shared/yOBB8Md9c
Thanks
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@didymario7 Is the increasing lot size limited to the secind trade only or to all future trades?
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@l-andorrà The lot size increases to all future trades. E.g if trade one is 1lot, trade two will be 2lots and trade three will be 4lots. Its stops there (just 3 trades in the sequence)
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@didymario7 martingale solves the lot size distribution but does not give me the option to decide how i want to manage the take profit for each trade.
I want to use trailing stop for the first trade and fixed stop for the next 2 trades...Thanks
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@didymario7 Can you please confirm then that the lost size evolution is finally fixed?
On the other hand, I don't see the logic behind that variable trailing stop. Why is it supposed to work in the first one only? This is not how martingales work.