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    Break even point block

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    • J
      james last edited by

      I have a query about the "break even point" and "add to volume" blocks.

      In the example here http://fxdreema.com/shared/mEEDd95Ad, will the following happen?

      1. condition is met and a buy happens
      2. when the break even point is reached of the first buy, the "add to volume" block is allowed to pass generating a further buy
      3. all trades have their own trailing stop set at the level within the "trailing stop (each trade)" block
      4. this happens "n" times according to the counter setting, each new trade occurring when the previous is at break even, and each one gets its own trailing stop

      Therefore, when a buy trade reaches break even, up to "n" additional trades are made, each one after the one before reaches break even, and each one given its own trailing stop.

      Then if the in loop condition is met, all trades are closed by the "close each trade" bock, and the counter reset by the reset block.

      Many thanks, as always! 🙂

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      • fxDreema
        fxDreema last edited by

        1. Yes
        2. No
        3. Yes
        4. No

        Trailing stop and Break even blocks already have own loops inside. They are to be used directly under "on Tick" or after some condition that should prevent them to work at certain time period. Don't put them under custom loop, there is no need and there is no reason. Both blocks always pass no matter what happened inside them.

        This is example where on the left side there is Trailing stop block and on the right is almost the same, but built with loop blocks: http://fxdreema.com/demo/mt4-9975

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