Breakeven multiple trades.
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Hi, I want to find the single breakeven point of more than 1 trade.
For example if I have 4 trades open I wish to find the single point at which all 4 will deliver a profit (the average of the 4).
The breakeven (each trade) block gives the breakeven point of each individual trade, not the cumulative breakeven.
Thanks for you help. -
@johntyr What do you mean by breakeven point, this is just the open price? You could just use check profit average, when enough close the trades?
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@jstap The point at which the multiple trades become profitable.
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@johntyr You will need to close all when average profit is reached, this can be done from 2 blocks in a separate tree, you can also set a minimum trade number if this fits your requirements, you could also use pink blocks to find the open price of last trade then close all when last in profit, or us as an on switch to check average profit. The choices are many, decide the conditions you would like to use, start the project put a shared link on here, then ideas to assist can be given.
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@jstap Thank you for your ideas. I will see how I can use the pink blocks. I was also thinking bucket of trades open positions may work in conjunction with the breakeven block. My idea is to use the breakeven as a manual intervention when the trades move beyond breakeven point to prevent a loss via a spike reversal. This is for use on a 1 minute chart. Thanks again.
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@johntyr I've never used bucket of trades but I can see this working.
