EA Forex Academy – Algorithmic & Manual Trading Courses › Forums › Forex Trading Forum › Conditions for averaging
- April 15, 2020 at 0:08 #45171
Well any idea if we can set a specific distance (in pips) as a condition for each new added position in FSB Pro? i.e initial open position EurUsd buy @ 1.0980, I want the next added position to be @ 1.0960 and the next @1.0940. Distance of 20 pips for example.
Kind regards.April 23, 2020 at 17:01 #45547
Any idea??April 24, 2020 at 9:32 #45573
Well what ive meant is how to apply the price move indicator to the added position?
thxApril 27, 2020 at 8:59 #46212Petko AleksandrovKeymaster
Glad to hear from you.
Do you mean any specific strategy you want to create? Also, are you looking at FSB Pro or EA Studio?April 27, 2020 at 10:05 #46225
thank you for your reply,
well i am looking at FSB Pro, to set a specific distance in pips as a condition for each new added position, for example initial position: EURUSD BUY @1.0800 the next one 1.0780, next 1.0760,1.0740 and so on….distance of 20 pips for each new added position, as a condition to add . Is it possible in FSB Pro? or it has to be done manually in MQL editor?
Thank you again Petko.. appreciate your help.April 30, 2020 at 18:40 #46609Petko AleksandrovKeymaster
This is called grid trading.
The indicators are created to watch the current market conditions, and not to look for the previous entry. The market doesn’t care about our previous entries. I know this idea of averaging but it is more of investing type of trading which some traders try to convert. I am not familiar with a successful one( I don’t say there isn’t one).
The trading is more oriented to trading at the moment, according to the recent market conditions. And this is what the indicators are used for. This is why there is no such method or indicator in MT or FSB and EA Studio.
Yes, you can modify the entry in the code but this way you will not have a backtest in FSB Pro which is the main idea of having a strategy builder. To have the past results and analyze it.
I hope this makes sense.
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