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Thread: Reverse When In DD

  1. #1

    Default Reverse When In DD

    Funyoo

    Is there an EA here that will look look at a current open trade and if in a drawdown of "x pips" will open a reverse trade with a user definded lot multiplier for the reverse rescue trade. It might reduce losses.

    I am more interested in the code here to make this work.

    For example we have a EURUSD buy order 1 lot and we are 20 pips in drawdown so code opens a sell order at 2 lots or what ever we are comfortable with.

    A basket can simply be used to close out all trades when x pips in profit.

    Pheniox

  2. #2
    Administrator funyoo's Avatar
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    Quote Originally Posted by Pheniox View Post
    Funyoo

    Is there an EA here that will look look at a current open trade and if in a drawdown of "x pips" will open a reverse trade with a user definded lot multiplier for the reverse rescue trade. It might reduce losses.

    I am more interested in the code here to make this work.

    For example we have a EURUSD buy order 1 lot and we are 20 pips in drawdown so code opens a sell order at 2 lots or what ever we are comfortable with.

    A basket can simply be used to close out all trades when x pips in profit.

    Pheniox
    Hi Pheniox,

    You can simply use a stop order with a different lot size, it will facilitate the programmation.

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eurusd, funyoo, pips, profit, stop

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