Add a new trade when the Close is < of the last open trade - 20 pips, and keep the same take profit of my last opened trade

[Rob4444]

Hi I would Like to add a new trade when the Close of the last candle is < of the last open trade - 20 pips, and keep the same take profit of my last opened trade. Can you help me please ? thank you

[Rob4444]

Sorry when the last Close = last open trade - pips

[fxDreema]

I think you want to add to volume on loss, here is an example - https://fxdreema.com/demo/mt4-loop-add-to-volume-on-loss

[Kalalani]

Is there a way to add volume to a position in an exponential way when the price is falling against the buy position? Basically, a dollar cost averaging strategy with an expanding purchase range.

Example:
Buy 1.
The market moves down, add to position:
-10 pips buy 1 more.
-15 pips from last added buy order buy one more.
-20 pips from the last added buy order buy another.
and so on...

Thank you!

[Spuzy]

make a variable and then make a formula with which you want to change it.
this way will add -5 every time the volume is added, meaning next time it will be -15 pips (or 15 pips in the opposite direction of the trade)

and have it reset when the first trade triggers in the sell block.

[briji2]

@spuzy and to bring all TPs closer each time you open a new trade, but without stop loss and the final result is positive?

[Spuzy]

sorry I don't understand the question

[briji2]

@spuzy Can you do this? no stop loss...

[Spuzy]

ah, like lowering your take profit?
it can be done yes. use the modifiy stops pink block after you add to volume.

make a math formula to get the values you need

[briji2]

@spuzy but to modify all trades?

[Spuzy]

I don't know, I've never played around with child/parent trades so I don't know if you can just do it with that one block.
try it out, test it in the backtester.
try with different blocks, test it.
try with something different again. test it.