Tracking buy and sell order
-
@Xfire please how do I track my buy and sell order, example say I made my first buy order at 1 lot and at another point make another buy order at 2 lot and on and on like that. Please respond.
-
I'm afraid I do not fully understand you. Do you mean on the MT4 platform? You can see them all on the 'Trades' tab there.
-
@l-andorrà @xfire sorry I do not respond in time.
What I want to do is to change my lot size at every different buy or sell order in an arithmetic progression
Say I my first order I want my buy and sell order taking at 1 lot same time and at the take profit of either buy or sell order I want another buy and sell order to be initiated but at different lot size.
Example
Erousd at 1.08280 buy and sell order @ 1 lot each TP @ 6 pipes each SL @ 600 pipes
Now say my buy order tp @ 6 pipes was hit immediately a new buy and sell order will be triggered at one lot for buy and 2 lot for sell because sell still has a opened order and both sell order tp takes same and new tp position and this position is determined by the newly opened seller order at 10 pipes only the tp changes for seller order while the buy order retain it first tp @ 6 pipes and sl @ 600 pipes
And on and on like that till the market starts to go in the Favour of sell order and the count start for buy in the same manner
Thanks
Hope I made sense. -
It looks like a martingale. However, a martingale with SL levels at 600 pips will NEVER work. I strongly recommend you to change your strategy thoroughly.
-
@l-andorrà how do I set my martingale to produce my illustrations please
-
Believe me, martingales do not work in the long term. However, if you insisit to develop one, I recommend you to use the search tool of the forum. There you will get many threads dedicated to it. And good luck!
