Quote:
Originally Posted by SIMBA
Hi MM,
Congratulations,IMHO this is an exceptional thread that will benefit everybody who takes a few hours to simultrade it on fast visual tester mode and ingrain the mechanics.
Two questions,regarding your following comment QUOTE " Keep in mind that if your first order is down 20, and you add your second (and final) order… you will only be able to sustain an additional15 pip move against both of your positions before the SL is activated.".........UNQUOTE
I understand then that,if that were the case,the stop will not be 50 pips from entry but (stop distance=50 pips/number of positions.... from average cost)..Am I right?...And,10 pips TP,then,would it be from average cost too,or from initial entry?
Keep posting Man(I don`t want to "give" you another nick because fxbs could get angry at that  and steal my wallett again  )..you are a well of wisdom.
Regards
Simba |
Howdy Simba,
Thanks for dropping in, big buddy... and the kind words. The EA keeps a tally on the +/- pip or $ count. It never actually places hard stops or tp's into the order ticket info. Once the count is reached, it simply runs a "close all open orders" script. So yes, it is averaging from the initial entry.... if that's what you were askin'.
MM