Topic: new orders

Hello everyone,
between the options in a strategy, we have the ability to open new orders with the first trade:
• Into Profit
• at a loss
• Always (and I do not know how to open)

It happens all too often they are opened trade a few pips.
If I wanted to open new orders at a distance of only 30 pips, there is a way?
It would be possible to make an indicator with this feature?

Thank you

Re: new orders

Probably you address the "Next same direction signal" option:

http://s10.postimg.org/kp2dzeifd/screenshot_2016_09_08_at_00_57_21.png

This option doesn't control  how the strategy opens a new , but it determine show it behaves when there is an adding signal. It can happen only if we already have a long or short position open and there is a signal in the direction of the current position.

Next same direction signal option has four preset variants:

  - Nothing - sets that the additional signal will be canceled. The program cancels both market and pending orders (if any) if at the moment of execution it find that there is an open position.

  - Winner - this setting allows the adding of lots to an already open position but only if it is making profit at the moment of averaging. If the position is at a loss, the program will cancel the entry order. We call such trading “adding to a winning position”. Such trading can fault because we trade on an already “developed” market and the adding price is less attractive than the initial entry. Despite of that, this is a correct move if we develop a trend following system.

  - Loser - contrary to the previous case, this option will allow adding only if the current position is at a loss at the moment. We call this “adding to a losing position” and is considered as a bad practice. However, some traders use it because the adding happens when the market retards and the price is “better”.

  - Add - the program adds to the current position without checking its profit.

Please see the full description here: Additional Entry Signals

Re: new orders

Popov wrote:

Probably you address the "Next same direction signal" option:

http://s10.postimg.org/kp2dzeifd/screenshot_2016_09_08_at_00_57_21.png

This option doesn't control  how the strategy opens a new , but it determine show it behaves when there is an adding signal. It can happen only if we already have a long or short position open and there is a signal in the direction of the current position.

OK thanks

at this point, I do not want orders that are less than xx pips from each other, say 50 pips and only in profit.
For "only in profit" use the normal option, but for the distance of the orders an indicator work?

thank you

Re: new orders

For "only in profit"

You have to use "Winner" option. It means that the expert is at a profit at the moment (not the last partial MT order).

There is no option in FSB Pro for setting the distance between orders. The philosophy of the program is that each order entry depends only on the current market condition. It doesn't depend on the previous orders or the account state because the market doesn't care of our orders and accounts. This logic may contradict to the money management systems some of the traders prefer, but there is no workaround currently available.