Draw Down Reduction for Grid and Martingale
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I just wanted to implement a draw down reduction. its like when 5 buy orders are against the market and for some time the last buy trade profited. The profit is equals to the breakeven of first order it will close them both. with a parameter set at constant. "Draw Down Order reduction start" it means at 5 trading orders of buys. it will initiate a drawdown reduction. How to do this?
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@artteesgraphics That is an ambitious structure to implement. You will need a set of variables to control all the calculations required to check that condition. Do you have an initial project to begin with?