Create an opposite Buy Stop when a previous Sell Stop enters a trade (not when it resolves).

[Charlie 4]

Example: 1 lot buy order is placed (in this example at original price of 0) with TP of 30 and SL of -40 pips. Then encase of reversal a 1.4 lot Sell Stop is placed at -10 pips with TP of -30 pips and SL of 40 pips. Now here's the trick, if the market does reverse and hits the Sell Stop and enters a trade I want to automatically place a Buy Stop at the original price 0 for 1 Lot with TP of 30 and SL of -40 pips. This second pending order can't be placed until after the first one is triggered. How can I automate this process?

[jstap]

Go on the on trade tab, in there place a purple trade created block with tree underneath, then place a purple trade closed block with tree needed underneath, hope this helps.

[Charlie 4]

Sorry I don't see any "Trade Created" block. What's the block called?

[jstap]

It's called trade created, you need to have created a trade on the on tick tab, then look at the purple blocks on the on tick tab.

[jstap]

@jstap *on trade tab

[Charlie 4]

@jstap Found it, thank you. Didn't realize the tabs had their own Filter Specific Events.

[jstap]

@charlie-4 No worries, took me a long time to work that one out.

[Charlie 4]

One more follow up question. Now that I have a method of creating the Stops automatically I need to delete them in the event that a previous trade hits it's TP or SL. I've tried a light purple Trade Closed block on the Trade Tab with group # set, and I've tried a No Trade block on the Tick Tab each leading to a Delete Pending Order, but they don't seem to work as planned. Got any ideas?

[jstap]

@charlie-4 under a purple block place delete pending order block

[jstap]

@charlie-4 Without seeing your project it is difficult to say what's wrong, quite often it is something simple if you still struggle paste the link to your project here and ill have a look.

[Charlie 4]

@jstap https://fxdreema.com/shared/J70RHpYNb

[Charlie 4]

Nevermind, got it. Going to be real, I don't know what I did different this time but the Purple Block linked with group 1 did the trick. shrugs

Thanks again.

[jstap]

@charlie-4 If you open your delete pending orders block, click group mode arrow and select the group you want to delete.

[TipsyWisdom]

@charlie-4

check out the instructions section of Dreema on using the purple blocks VS blue blocks for trading conditions. It will help to understand.

[jstap]

@charlie-4 Didn't see this until after my reply, glad you got it working