Set Individual TP/SL/Breakeven for Trades In A series
Hi Sir .am using both Martingale and Anti Martin at the same time.... First orders are opened by a given signal ....assuming price rises we set INDIVIDUAL BREAKEVENS to all the buy orders as price rises whilst averaging down on the sell orders for the whole series ...same applies if it falls...this significantly reduces the drawdown unlike a typical grid where you have just grid trades running in the same direction ....so we will be managing the Martingale Trades as a whole series and the Anti Martin trades as Individual Trades ....not suggesting we remove closing orders for the whole series(thats a very good function) but to add a function for closing orders individually for both Martin and AntiMartin Trades ....many strategies can be driven by having this options so will have 4 options now( close by average price or first open price or last open price or individually ) ...Thank You
I suggest Independent SL, TP.
Independent SL, TP is used to limit risk and proposes a way to maximize profits in the range.
I found this method on MT4 forum.
On a $100,000 basis, if all positions are -40 PIP, the loss is -$208.
The average price of the 11 positions is 1.0775288,
Because the price of each position is different, the stop-loss price and the profit-taking price will be different.
Let each individual position take a stop-loss and take-profit at a different price.
This is a way to eliminate the open position ratio, defend against risk and enter the martin indefinitely.
Let each individual position take a stop-loss and take-profit at a different price.
This is a way to eliminate the open position ratio, defend against risk and enter the martin indefinitely.
If you do this kind of transaction about 70 times per set per day,
The maximum margin for a $100,000 account is around $5,600, and the ratio is around 5-6%.
Your account is safe.
And because the turnover rate is raised, the profits are accumulated continuously.