Hi guys I am trying to build an idea. no indicators no pattens etc just place and go.
I just need a little help refining it
Here is the idea
Place a Buy and Sell pending orders 5 pips away from the median price
Place the trailing stop at 5 pips from the orders so pretty much in the middle of the pending orders
When an order has been activated cancel the opposite pending order
e.g opens a buy position cancel the sell pending order and vice versa
When position is closed out by the traling stop open another buy and sell pending order.
This is what I have put together so far https://fxdreema.com/shared/qIJL739ke
Current problems
Not opening buy and sell pending orders at close
Money Management is TBC
Any help would be greatly appreciated