Trailing Stop (for group of trades)
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This block is not giving me the result I am expecting it. Here is an example of what I am expecting it to do. Can someone please help me to achieve this:
I would have multiple open trades with different lot sizes. Some may be profiting and some may be in loss. I want to set SL for all these trades as a group. I mean I would like all of them to close once they reach a total profit of lets say 100 pips. I want their SL to be set accordingly. Is this possible with the Trailing Stop (for group of trades) block? Seems complicated since I believe in order for all of them to close at a certain point, technically we may be setting SL for some and TP for some.
Can someone please throw some light on this and proper use of this block? Also help me for what I am trying to achive?
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Hmm.. If your trades have different lot sizes, measuring the total profit as pips becomes difficult.
Maybe just close the trades based on account equity, or account profit?This could help you:
https://fxdreema.com/forum/topic/4858/total-profit-reduces-by-x-then-close-everything/2?page=1 -
@roar said in Trailing Stop (for group of trades):
Hmm.. If your trades have different lot sizes, measuring the total profit as pips becomes difficult.
Maybe just close the trades based on account equity, or account profit?This could help you:
https://fxdreema.com/forum/topic/4858/total-profit-reduces-by-x-then-close-everything/2?page=1Thank you very much for your help but this will not help me. Since I have many more trades open at the same time which affects my equity.
Isn't there any other way to find out current profit in pips for certain group of trade on every tick and trail the stop for it as a group?
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You would have to assign different weight on each trade - if you have 1.00 lot buy at price 1.000 and 0.01 lot buy at price 2.000, the midpoint is not price 1.500 but close to 1.000..
There could be a way to calculate this, with a million variables, but its not very simple
Well, MT5 does this automatically, everytime...
