Close Oldest one trade if close newest trade in profit
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Hi,
Close Oldest one trade if close newest trade in profit.
Exa :- 3 Old trades are open at a loss.
Buy 3 new trades and all 3 are closed in profit, so close 1 old trade here. -
That sounds weird. Are you maybe trying to compensate profits with losses? Don't you care on how big the oldest loss is?
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l'andorrà, Thanks for the reply.
Don't care on how much loss in old trade.
because only 1 oldest trade close vs 3 newest trade close on profit. -
Example -
if 10 trade open now. 3 newest trade closed.
check last 3 closed trade profit.
check loss of oldest 1 or 2 trade.
if loss < profit so close oldest trade. -
But apparently it is not a fixed rule, right? I mean, do you close the last 2 trades in profit because the combined profit is equal to the oldest one, maybe? But what if there are only two open trades, one in profit and another in loss. Should they be closed too? Is there a minimum number of open trades to consider?
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example -
check today closed trade profit is more than 5$(4+8+12=24), so close oldest trade(1).
again check closed trade profit (4+8+12-8=16). its more than 5$, so close oldest trade(2).
again check closed trade profit (4+8+12-8-7=9). its more than 5$, so close oldest trade(3).
again check closed trade profit (4+8+12-8-7-5=4). its lower than 5$, so wait for new trade,,,,,, -
But that is s static image of the trades right now. News trades are supposed to be open over and over. Are they supposed to be closed in a shorter period than the oldes ones?
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@l-andorrà @fxDreema
Yes, They are to close in less time than the old ones.
its close by trailing setting, if trade count more than five.
check day closed trade profit and close old trade. -
But according to your uploaded image, many trades were closed days ago. In your example, 3 trades were closed on April the 7th. Then in the text below you specify that the current open trade on profit (+12) should be closed because when combined with all the other open trades, profit is above $5. I don0t see the logic behind it.
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Not 100% sure what you are trying to do here, but on trade tab-trade closed-close least profitable. If a trade has closed this will close the least least profitable trade (of your chosen type
