Move the Take Profit on adding lots

[ambrogio]

Hello everyone, I can not come out of it, when you add a new lot to the losing one How do you calculate the new take profit so as to close both with profit for example 50 pips?

https://fxdreema.com/shared/VPUc6E5W

Thanks

[l'andorrà]

What do you want exactly? It looks like a grid strategy. Please notice that block 33 is not active because it's not linked to any other block.

[ambrogio]

@l-andorrà The block 33 is parked My goal is: I open a purchase order with TP 50 pips, the price goes down 50 pips and opens a new purchase order with TP 50 pips, the price continues to fall and opens the third Buy order with TP 50 pips ( 2 orders are at a loss), i wish to every order the different TP join on the same price level to ensure always a profit of 50 pips when the price retraces upwards (positive pips - negative pips = +50 pips + spread )

[l'andorrà]

Ok. I see. Has any of the orders a Stop Loss?

[ambrogio]

@l-andorrà no, no, without stop loss

[l'andorrà]

Ok. And what's the maximum numbers of orders open at the same time?

[ambrogio]

@l-andorrà no matter how many orders, for each new order the total TP must move to the right level

[ambrogio]

@roar please, do you have time to take a look at this topic?

[Hadees]

use a indicator that calculates where your break even point is.0_1573551570200_1515969175968-miro1360_gravitybe_1.0.mq4 . Miro posted this somewhere but it finds break even point

[roar]

You could just calculate the average entry price:
https://fxdreema.com/shared/ij7Qn3Mfd

When you have the average, just add the extra pips

Sounds like a cooking recipe lol

[ambrogio]

@hadees Thank you!!

[ambrogio]

@roar I cook every day but this recipe I missed!!
Thank you!

[ambrogio]

@l-andorrà thank you

[tswaldi]

@roar Thank you very much, your solution has helped me a lot.