• Registered: 2021-03-08
  • Posts: 5

Topic: calculate and move the TP and SL as automated

dear friends,

I have a question. My strategy is that, a buy or sell position is opened by the 2 moving averages crossing (12 & 32). If the market moves in the opposite direction, another position will be open in the direction of the previous position. A kind of grid and martingale. The SL is for example 500 points and the TP is for example 50 points. Now the question. whether it is possible to calculate and move the TP and SL as automated based on the average prices of the opened positions to new locations?
In the other word, are there any indicators or new ways in FSB software that it could to do this function?

  • footon
  • footon
  • ◄≡≡≡►
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  • Registered: 2009-08-17
  • Posts: 2,969

Re: calculate and move the TP and SL as automated

I'm afraid not, position info is not available to indicators so it can't be done.

  • Registered: 2021-03-08
  • Posts: 5

Re: calculate and move the TP and SL as automated

Thanks for reply.

I don't understand exactly. please explain more.

  • Popov
  • Popov
  • Lead Developer
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  • From: Bulgaria
  • Registered: 2006-11-30
  • Posts: 8,024

Re: calculate and move the TP and SL as automated

Footon says that FSB Pro indicators rise signals based on the market only. They don't have access to the trading position.
This is by design. We know that the market doesn't care of our position. So, our trading decisions has to do the same.

Popov's Website

  • Registered: 2021-03-08
  • Posts: 5

Re: calculate and move the TP and SL as automated

Thanks for your reply.