SCALING IN ON A PROFITABLE POSITION
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Please how do I go about scaling in on particular profitable trade. For example I have a running buy position in profit, and then I want to EA to add trades after every 30pips in profit to help maximize trending market. How can I go about it. Please waiting for your urgent response. Thank you
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pink blocks, pips away - buy/sell
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@NZEFILI This is what jstap means exactly (for buys only)
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@l-andorrà Okay this is great. That means if a have a Buy trade, even if price drops below my entry point, it will not add positions, it will only add positions at a certain pips in profit.
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@NZEFILI Correct.
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Add a grid. Choose the distance to each grid to be 30 pips. Every time price passes the next 30 pip grid it buys again.
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@FXFun please can you show me an Example please. It will be really Appreciated.