freakgib Posted March 19, 2012 Report Share Posted March 19, 2012 hi there people i am in need of a way to automaticly placing orders let me try to explain how i places order now and if it is possible to make that kinda automated. what i do is this. the system i use has a risk reward of at least 1:1 i place 3 orders 1% risk per order all 3 orders have the same STOP at the beginning from 1 order i place the target at atleast the same distance as the size of the stop or bigger so that my risk reward for that 1 order is at least 1:1 ( stop 50 pips target1 at least 50 pips). then if the market did hit that TP i have 2 orders left. i move the stop of 1 of the remaining orders to break even and 1 i leave at the original STOP. if now the market turns against me the 1 order at break even get stopped out but costing me nothing. the last order get stopped out costing me 1% but i did make at least make 1% of the first order so in the end i diddnt loose anything, but i did give the market a lot of room to swing around and in most cases the market is going in the new direction. however if the market goes in the new direction i then close the 2nd order at some importand fib level or s/r level. when that happend i have left 1 order i then move the stop of that last order to the target of the first order and let the market run and go out when i find a new setup in the opposite direction. i did have a trade manager EA with that tool i did have to draw a lines and named them SL and then i did draw lines and named then T1 T2 T3 that EA would them close 1 order partly but it is to limited what i want is IF first target is hit then move 1 stop to breakeven and IF second target is hit then move remainig order STOP to first Target would something like this be possible to program Greets Gert Quote Link to comment Share on other sites More sharing options...
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