If There is an existing position
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Good day fellows! Please I really need to understand how to go about this issue in my EA. I'm yet to finish the project but I'm stocked.
Questions::Using any conditions for Buy or for Sell, if for instance there is already existing Buy possition with TP and SL. But instead of hitting TP, the Sell conditions are met, I want this current Sell conditions to trigger Sell possition with higher/increase of the already existing lotsize of the Buy position and so on. Vice versa. That's all thanks in advance.
E.g. Buy possition (0.02) currently running, then Sell conditions are met, so Sell possition should open with (0.03 or 0.04 or 0.05 etc) with its own TP and SL separately. If its doesn't hit TP and Buy conditions are met, then Buy possition should open with increase of the most recent Sell lotsize. Thanks in advance -
Please can someone help me out. Or tell me how to properly to use the "if trade block" in MT4 FXdreema. Thanks in advance
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@chriswillson You will need a variable to increase lot size as soon as a trade is open in order to use it in case that opposite sell trade is to be open. You can find some inspiration with my martingale project (doing something like that):