Topic: Question - Adding Positions with a STOP LIMIT
I have come up with a decent strategy but when I study the journal of trades I am unable to say for sure what happens to the STOP LOSS and TAKE PROFIT of the original and new positions. I have found examples of both when going over the data:
Sometimes :
When you ADD the ORGINAL positions target/SL stands for both the new and old position
and Sometimes:
When you ADD the NEW positions Target/SL stands for both the new and old position
Can someone please help me I have been racking my brain over this one:
THE STRATEGY IS BELOWMarket: EURUSD 1 Day
Spread in pips: 2.00
Swap Long in pips: 0.00
Swap Short in pips: 0.00
Commission per lot at opening and closing in pips: 0.00
Slippage in pips: 0
Maximum open lots: 20.00
Entry lots: 1.00
Adding lots: 1.00
Reducing lots: 1.00
Intrabar scanning: Not accomplished
Interpolation method: Pessimistic scenario
Ambiguous bars: 86
Tested bars: 5736
Balance: 13500 pips (23500.00 USD)
Minimum account: -1022 pips (8978.00 USD)
Maximum drawdown: 1313 pips (1313.00 USD)
Time in position: 54 %
[Strategy Properties]
A same direction signal - Adds to the position
An opposite direction signal - Reduces the position
Permanent Stop Loss - None
Permanent Take Profit - None
Break Even - None
[Opening Point of the Position]
Heiken Ashi
Enter long at the H.A. Low
Base price - High, Low, Open, Close
Use previous bar value - Yes
[Opening Logic Condition]
Moving Average
The bar opens below the Moving Average after opening above it
Smoothing method - Simple
Base price - Median
Period - 1
Shift - 0
Use previous bar value - Yes
[Closing Point of the Position]
Stop Limit
Exit at the Stop Loss or the Take Profit level
Stop Loss - 89
Take Profit - 165