Recovery Trade/s for closed losing trades

[cuzyouaintme]

Hey everyone,

Could someone explain how to configure a trade entry so that, if the previous trade was a loss, the next trade automatically sets its take profit to recover that loss? Also, how can I make it so that if there are multiple consecutive losses, the recovery trade’s TP covers all of them?

Thanks!

[jstap]

There is a vast amount of ways, try placing the recovery trade with a different group, check the profit of that trade, compare it to the loss and close when it's greater

[cuzyouaintme]

Yeah, it did work. But this EA is more advanced so I bought you book.

[jstap]

@cuzyouaintme If you need any help just ask

[cuzyouaintme]

I’m trying to build an EA with no TP and this trailing‑SL sequence:
Entry on M1 with SL = 3×ATR
Move SL to breakeven once the trade reaches +1 R
Trail SL by pullback break on each timeframe in turn: M1 → M5 → M15 → H1 → H4 → D1 (only run once per closed bar of each TF)
The Breakeven thing is easy, but the rest...

[cuzyouaintme]

So basically the SL should move multitimeframe after a pullback break. So M1 Pullback than break of the pullback and SL below the Pullback. Next timeframe M5, same here, Pullback, break, move SL under Pullback...until reaching D1

[jstap]

Attack this 1 bit at a time, what is determining the pull back to know where the stop is moved to?

[cuzyouaintme]

I do it without any indicator (determining the pullback) but for EA i need one, maybe fractals or EMA´s