Increase Lot Size and Close all?

[fxbam]

Let me explain what I would like to do.
Increase lot size: If I place a trade and it doesn't hit my target, then I enter another trade, and another one, and another one...what I'm wondering if there is a way to increase the lot size on the new trade to cover the cost of all the open positions.

Close all: Once take-profit has been hit on most recent trade it will close all positions at the same time with a little profit, so all the open positions would adjust take-profit levels to match most recent position so they can close at the same time.

Doing both together, separately, or just one
I'm also trying to figure out if I can have the option to have this run combined or independently. Example: If I wanted the option to apply the lot sizing and Close All on Bullish and Bearish, independently from each other, or just the Buy or Sell.

I know this community is filled with a lot of great minds. Is there anyone that can shed some light on how to do this?

[Morpheus_0]

@fxbam - The First one I am trying to work that out myself so I'll get back to you....

The second one you can do something like this...>>

[jstap]

Pink for each trade 1 new to old with the buy/sell block under, pink loop in lot size adjusted by amount you want to increase.

[fxbam]

@jstap do you mean pink add to volume/%of current trade volume? The problem is what to use and how do I add the correct amount. Let's say I have one or more positions open when the price ends up moving quite a bit against me before giving me another entry. If this happens the open position(s) will be in drawdown. I want to make sure that the new order will factor in the current open positions, and still give me a small profit after all the spreads/commissions.

[jstap]

@fxbam No that is a light pink block you add under to do something, in each block you have the loop options to do something else.

[fxbam]

@Morpheus_0 can you tell me what the profit amount is? I can see you have 2 listed there but what does that represent? My goal is to cover the drawdown on the open positions and show some profit when the most recent trade closes after broker fees.

[Morpheus_0]

@fxbam - That is up to you. I put 2 as an example as it doesn't take much of a pullback for the bigger trades to cover the smaller ones and get an overall profit of $2.....

The larger the profit amount, the more price has to pull back to cover the trades that are under water...Don't forget the market can move in a straight line for some time, especially after a major news event......

This is the danger of Grid or Martingale trading*

Also, here is a link to how you can increase (or decrease) Lot Sizes....The Formula would be up to you to mess around with*
https://fxdreema.com/shared/m8VpBbD8b

[fxbam]

@Morpheus_0 I appreciate the feedback. What I want to do isn't Grid or Martingale. I can see a little bit of similarity but that's not exactly what I'm trying to do.

Let's say I get a Buy entry but my TP is never hit. Now I happen to get another Buy but I don't want to use a preset lot size increase because I have no idea where my entry is going to be. When I get my new entry it will also have a new TP.

When the new entry hits the TP I want it to close all trades down with a small profit after the drawdown from the opening trades that just closed and the broker fees.

[fxbam]

@jstap the problem is I don't know what the appropriate lot size will be. If I have one trade open but it doesn't hit my TP, then a little while later I get another entry.

When the new entry hits the TP I want all those trades to close but it also needs to show some type of profit after those trades close and factoring in the broker fees. So when everything closes I should see an increase to the balance before I opened those trades.

Using fixed lots won't work for me. If entries are too far away from one another I run the risk of carrying a negative balance even though I was successful with the trade. There must be a way to do this.

[jstap]

@fxbam I didn't say use fixed lot, I said get the lot of last opened trade, adjust, this way every new trade will be bigger than the last. On trade tab when trade is closed you can close rest.

[fxbam]

@jstap I think this is what you are talking about but I'm not sure if that solves my problem. I'll include an image to try and add some transparency.

I can see the option to increase the value of the previous lot, add pips, or increase lot size by a percentage. The problem I'm struggling with is I don't know when my next entry will be.

If my entry is much further away than anticipated then the amount I have entered in the "Adjust" section will end up putting me in a negative balance even though my trade was successful, and if I add to much it increases the chance of me running too much risk.

My goal is to only gain a little bit of profit regardless of where my next entry is. Regardless on how many trades are open and the different pips distances between them, I would like to see the trade that hits TP close all the other trades at the same time with just a tiny profit.

I'm sorry if I have misunderstood what you were saying. Was this the only options, or was there something else?

[jstap]

@fxbam When your next entry is decided by your other blocks, take your last opened trade lot and adjust. You need to add other blocks that restrict the new trade if too far away.

[fxbam]

@jstap I was hoping there was a way to have more precision with my entries. I have no way of knowing how much further the next entry will be from the last one.

If those are the only options this will require me to guess and will give me inconsistencies with the level of risk I'm taking and the profit I'll be making. The problem for me is I need the option to trade no matter how far away it is.

Are there still people who write and create new blocks for fxDreema?

What I'm looking for is the option to open a trade (Buy & Sell or Buy or Sell) that factors in all open trades in (lot size x pips) drawdown + fees, so when it hits TP it closes it in the profit amount I want. Is there any way that something like this can be done?
I sure know how to make things difficult.

[Morpheus_0]

@fxbam said in Increase Lot Size and Close all?:

I have no way of knowing how much further the next entry will be from the last one.

And therein lies the problem that you and every other trader out there faces.....

We also have no idea when and where the market will turn around or how far it will pullback*