Check Last Trade > If Break Even > Command

[musabbb]

hello

i ama great fan of thise website, and i have subscribed for a few months now, i recommend it too everyone i know who is trading.

ok to my question.

basically in the past i have created parameters to open a trade if the last trade was a loss, or to open a trade if the last trade was in profit...

but is there a commant too specifically open a trade if the last closed trade was closed with the breakeven block?

kind regards
this has been bugging me for a while.

Peace

[l'andorrà]

To my knowledge, no. You will have to create a design of blocks identifying that specific situation.

[ambrogio]

@musabbb Hi, the breakeven is nothing more than a stop loss.

[musabbb]

Thanks for the quick replies guys, much obliged.

i seem to have resolved this issue by using "group #"

i used too avoid using group numbers, but i found once i got the hang of it, i cannot trade without this feature!

if anybody in the future stumbles across this, i will explain in a bit more detail...

i always use 2 trades for each position, one is to take quick profits and the second is too take more long term profits (on the the same Forex pair)

i have the same entry rules (using stochastics) but 2 different exit strategies...

of course this can get a little difficult, but its made easier using group numbers on your (light blue and dark blue, and also buy(green) and sell(red) blocks,)

you cant really use a group number on 1 block, if you use group numbers they must be inputted on all appropriate blocks in that thread, or else the block (such as close trade for example) wont activate.

anyways so i have 2 trades, once the quicker profit trade closes, it automatically places a break even on the longer term trade... sometimes that breakeven gets hit

and in those cases, i wanted to re-enter the trade, this is why i originally posted this question...

the way i got around this is

Once Per Tick > No Trade (Group =1) > Check Type (last Closed) Group=1

so all this does is, it prevents any trades from opening until group 1 tarde is closed (group 1 is my long term trade)

i hope that helps. kind regards

[l'andorrà]

Interesting. Would you show as a bit of your project with that structure? Not all of it, just that segment. I find it very useful!

[musabbb]

no problem, in fact i dont mind sharing my whole project because i am always up for feedback...

sorry i know my layout is messy, here you go:

https://fxdreema.com/shared/QfxY9C1ud

there is 1 set of rules for entry (that opens 2 trades)

and then there are 2 seperate exit strategies.

i use group numbers so that the right trades gets closed at the right time.

https://fxdreema.com/shared/QfxY9C1ud

to be honest this is only 50% of my strategy so even if you backtest it, it would nto be succesful for you...

the other half of my strategy is where i use excel to find the right trades too load my EA on too.

i hope you appreciat ethat i wont be sharing that half of my strategy.

[l'andorrà]

An impressive project, certainly. Just curious. Wat's the point of connecting a 'Breakeven' block immediately below a 'Close trades's one? It will never be activated because all those trades will be previously closed.

[musabbb]

If you look at the Group number you will see that, the close of the short term trade (group 2) puts the breakeven on the (group 1) long term trade which will still be open, thus locking in profits of group 2, and therefore group 1 will either generate even more profit, OR breakeven. hope that makes sense. kind regards

[l'andorrà]

An interesting idea. Thank you.