How to trigger trade checking another trade's pip profit

[Peppe]

Hello,

I can't find how to trigger a trade to be opened each time an already existing sell trade has a negative pips profit.

Can you help me?

Thank you.

[Peppe]

I did it with the "pips away from take profit" condition. Now the matter is that I want it to happen once, the trade triggered in this way will be closed at break even.

To avoid this kind of "hedge" trade to be opened an unlimited amount of times I found "once per trade" but if this trade hits break-even and then the price starts to go in the undesired direction again and I want the "hedge" trade to be opened again it doesn't get opened because I blocked it with "once per trade" block.

[fxDreema]

I can see your project "Scinni!!!" and there are some things...

• You don't need "Once per tick". This block sounds like something active, but it is only a filter and it is supposed to be used in other situation (when you connect two blocks to it's input). Everything under "on Tick" already runs once per tick.
• You are using "pips away..." with "For each Trade" correctly, but "Close trades" does not need pink blocks in order to work. Blue blocks like "Close trades" contain the whole loop inside, everything is closed inside and these blocks does not care of everything around. Pink blocks are used to create custom loop using multiple blocks.

I guess you want to use the pink block "close" instead of the blue one "Close trades"

Why don't you just close the trade and continue with the trading instead of doing "hedge" and then wondering how to exit from the new situation? Obviously I don't like this idea of "hedging" very much. There was a time when I believed in it and I tried to save some losing trades, but unfortunately it does not work that way, it's only a way to make the EA much more complex.

[Peppe]

There is only one issue with this, whenever there Hedge doesn't get to 1 pip profit and the price comes back in the direction of the main trend there are 2 trades of which one will be closed with trailing stop and the hedge just floats around XD.
I've tried to solve this with a stop loss on the Hedge but I don't really like it.

So I thought of another way of doing this.

Let's say trade A is the one in the direction of the trend that I like so much, when this trade gets stopped out at 150 pips of correction, I wait 5 Hours and I put an order in the same direction for trade B at the price where the stop loss was hit closing A.

How do I do this?

[fxDreema]

https://fxdreema.com/shared/7fZeJSiee

[Peppe]

Thank you, you are really great.

This tool that you made is amazing.