I am trying to test a re-entry option for my EA that places another trade if the previous trade was closed due to stop-loss at least 'x' candles ago, and if the current greater timeframe indicator is still in a specified state, and if the current price is still a certain level.
Problem Scenario:
Let's say the normal conditions require two MA's to crossover 1 candle ago. They bullishly do so and trigger a buy.
Price moves sharply lower and triggers stop-loss.
Price recovers and continues upwards, but I miss out on any profit because the conditions that triggered a buy in the first place have passed since the crossover now happened more than 1 candles ago.
A possible solution to enjoy some of the profits are to re-renter a long position as long as certain conditions are met (for example, as long as a higher time pair of MA's still move bullishly and as long as the price is still above the slower MA)
2 Questions:
#1
I am not confident that I built the blocks correctly to accomplish this. Specifically, the "ticket <= ReEntry Candle" block.
Should this be >=? Is this even the correct approach?
#2
The example I'm linking to assumes initialization of a M5 chart and uses the M15 chart as the higher timeframe reference. I haven't figured out how to set blocks to reference a constant setting's higher timeframe (can I just enter the minute integers in a constant like (1,15,60,240), and fxdreema will interpret that as (M1, M15, H1, H4)?
shared link: https://fxdreema.com/shared/hFh8N23Gb
screenshot:
Thanks!