Analyzing your biggest losing positions
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Hi,
First let me just thank you for this software and your continuous support that you provide with fxdreema. I think it's fantastic!
In the software, I noticed that there are options to close most profitable trade and least profitable trade but there are no options that I can see for closing your biggest and least loss. Although I am not concerned with closing my least loss it is the biggest loser that I am trying to program an EA for.
Basically I am programming a grid trader and need to take out the biggest loser out in a scenario where retracement profits happen and say if my biggest loser is $200 cash value and the retracement PA goes through grid steps towards this loser, I want to take out the biggest loser with a net of "x" or say $20 just to keep it in terms of money. It needs to be cash value as I think if it were pips that fxdreema cannot calculate overall pips in a swing. Although it would be handy if it could. Let me know if it can.
Many Thanks & Best Regards,
Daniel
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Play with this and notice settings in block 3 - https://fxdreema.com/shared/TbnYIsyte
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__Play with this and notice settings in block 3 - https://fxdreema.com/shared/TbnYIsyte[/quote:3pn8cxiw]
Thanks!
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Basically, I think I have found what I need the EA to do but it is not executing what I have programmed in fxdreema.
I attach the screenshot of what I've got.
I got round counter opening BUY&SELL position at 200 pips appart (2.0 on GBPJPY) in both upward and downward position.
I'm telling the EA to take profit when it has seen more than 100 pips in any direction so long as the sum of all positions equal to the value of 100 pips as grouping the buys and sells separately.
The problem that I am facing with this setup is that the EA does not close positions or a position if there is only one sell or buy open in the right directions for 100 pips.
Is there something I am missing?
Thanks,
Daniel
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Screenshot_1.png -
Are you sure that you want to run those blocks 6 and 7 only once when new trades are created, or you want to make those checks all the time?
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__Are you sure that you want to run those blocks 6 and 7 only once when new trades are created, or you want to make those checks all the time?[/quote:187ht72n]
I would prefer it is done all the time.
I think I figured out that I didn't need to connect the blocks to my buys and sells.
I got to the point where it is doing nearly what it needs to do but I am stuck to have control on just taking out 1 biggest loser position rather than to close all buys or all sells. As a quick fix to what I wanted to do, I had to group buys and sells, use the check unrealized profit function, set it to sum all profits/losses in value of pips regardless of lot size or position and then close.
This is ok but I wish I had more control on the losers I want to close. Sometimes I would just like to close the only one biggest loser because retracement can go deep enough that some of my losers are worth keeping in a trade as it could be a change in PA direction rather than a retracement at all.
Thanks!
Daniel
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Again, notice the settings in block 3 - http://prntscr.com/ascatm
http://i.imgur.com/6AspMsp.pngWhat this block does with these particular settings is to select only one trade - the one with the lowest profit. Why? Because the trades are sorted by "Profitable last", which means something like "Losable first" and then it is set to work with only 1 trade in "Not more that N trades", which is set to 1
