Adding volume as the market moves against your last buy order.
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Is there a way to add volume to a position in an exponential way when the price is falling against the last buy position? Basically, a dollar cost averaging strategy with an expanding purchase range.
Example:
Buy 1 with a set profit target.
If the market moves down, add to position:
-10 pips buy 1 more with a set profit target.
-15 pips from last added buy order buy one more with a set profit target.
-20 pips from the last added buy order buy another with a set profit target.
and so on...Thank you!
