Did anyone ever solve this "Same TP multiple trades?
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I've been trying to solve this and haven't had any luck. I want to have all older positions change TP to match the most recent opened position and my lot size to slightly increase.
Has anyone been able to figure this out?
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This is what I'm trying to figure out. You can click the link to see the original post from someone else last year. When each new trade opens it should cover the equity (drawdown) and when a trade finally hits TP they will all close.
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@ambrogio do you know if this worked?
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@fxbam i don't know, i'm sorry
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I have a system like this operating, and I did it through a group trailing profit; I don't know if this can be done any other way.
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@Edtoloza my goal is to adjust all open positions in drawdown to match the new TP with the most recent trade. The new trade also needs to factor in the current drawdown of the other open positions so when it hits TP (closes all) it will result in a positive gain. I've been trying to make sense of this and haven't figured it out yet.
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If I know what you want:
- You open the trade, with TP, and without Stop Loss
- If it goes in favor, close in Take Profit
- If it goes against you open a new position, with greater volume, assign a new TP and the previous TP is all adjusted to the same level and is compensated.
- Give me some time to send you what I have and tell me if it is what you are looking for, but you must optimize.
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@Edtoloza I would like the option to add a SL if possible but I'm still interested. Thank you for the help.
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@fxbam Try this, I don't know if it's what you're looking for.
The problem is that if you add a stop loss then there is no point in increasing volume if it goes against you, because if it goes against you it will apply the stop loss.
What I advise you is to use a maximum of trades, you should not necessarily duplicate the next position, and make a global closing in losses, for example if the system is already losing "x" %, just close everything.
You need to adjust the parameterslink text -
@Edtoloza The idea for the stop loss is only an insurance policy from a massive loss and allows me to use it when stop-losses are required. I never intend for the price to ever reach it. I'm planning to use it for a personal and prop firm account which some of them require a stop-loss.
I have been trying to figure out how to close everything once the equity drops 2-3% but I haven't had any luck.
Can the "Trailing Stop(Group of trades)" change all the older TP's to match the new one that just opened up?
Let's say every time a trade open up the TP is 20 pips. But, it didn't hit the TP and went the other way. Now, another trade opens up and has a target of 20 pips too. Maybe this even happens a few more times. Each time this happens I want every position that is in drawdown to change there TP to match the new TP that just opened. The SL setting don't need to be messed with. I never know when the next entry is going to be, so that is why each new trade each time needs to calculate the 20pips + the drawdown on equity to calculate the proper lot size to use.
I know this can be done but I can't seem to figure out how to do it.
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When it hits the TP it should cover everything and I should be able to add the gain (%) I would like to get.
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@fxbam But I sent you the link..., you have to see it.
