Posts made by MTAB

thank you for the reply! That makes total sense @ganando2024 but my SL is fairly large at 2*15ATR.

I could not have a simpler EA. On the on Tick tab, check if there is a trade. If not, buy, and set up a trailing stop for the trade. See image. I download the EA, even overwrite the file in the proper MT4 folder, even compile it, refresh it in MT4, but whenever I run the test, it creates hundreds of buy orders and has the same results no matter what I do to the EA. What am I possibly doing wrong?

Thanks! I'll have to wait for the lesson

Hi everyone,

I'm really new to FXDreema but have taken some course and messed around some. I'm trying to setup a fairly common risk management pyramid based on the following:

1. Assuming many pending trades are setup, the number of trades allowed to be filled (or kept) at any given point is based on the amount of floating profit available (I think I have an idea how to do this with a condition block).
2. If a pending trade fills, but you don't have enough floating profit to keep that trade, you close it or select another trade to close. An example is: Assuming a $10k account with one trade already filled, and then a second trade fills later, you would need a floating profit of .5% ($50) from that first trade in order to keep the second trade. Then, to keep a third trade, you would need 1.5% floating profit, to keep a fourth trade, you would need 3% floating profit, etc. etc. (I think I have an idea how to do this with a condition block).
3. Here is where I'm unsure. Each time you can take the trade because you had enough floating profit, you reduce the SL of the prior trades by 0.5ATR (until you reach a certain number of SL reductions or the SL crosses an indicator or reaches breakeven). I saw you can use the modify stop loss block based on a % of the current stop loss, but I want to modify the stop loss based on the % of the ORIGINAL stop loss each time, rather than based on the % of the prior stop loss that was previously reduced.

Does anyone know how to accomplish this? Perhaps the easiest way is to create a variable based on the current stop loss when the trade initiates? If that is the way, how does one go about doing that? I'm also open to other ideas. Thanks so much!!