Automated martingale bot weighted average exit point trailing stop loss

 

Hi all

First time posting, ill try and explain this as best I can 

Currently using a bot very similar to dark venus - on EUR USD, its a martingale bot that I use to place trades on ATR, The bot is run at 0.01 per 1000, 40% SL. So the trades place in a sequence of 0.01, 0.02 0.03 etc with a take profit target of 40 pips

When a sequence occurs the bot calculates  weighted average TP  point at 40 pips across all trades. If a single trade occurs it just TP's at 40 pips

I am looking to maximise profit but not effect the entry points. Is there anything out there that can calculate the weighted average TP point (that the bot does anyway) but rather than taking profit, it sets a a trailing stop loss at this point with a following trail of 2 pips (as an example)

The benefit to this is once it hits the TP, if the market does keep doing and does not step back 2 pips, You could catch an extra 2 -20 pips per trade / sequence with no extra risk, when you add this up over time with compounding, the results increase massively. 

Thanks in advance 

Leon 

 
Still looking for help with this or a coder who can develop for a fee 
 
Code a trailing stop on the whole buy/sell basket using the net average price for calculations.

Once you have the average price you can easily do your trailing stop comparing Ask/Bid with average price, and change SL of all trades in the direction to the same value.

PS. Don't think that trailing stop increase profit without any consequence. In most of cases a trailing stop reduce the expected payoff. You need to do your study to understand if it worth using or not.
 
As the trailing stop only activates when the original TP point is hit and only effect the trade when in profit. There’s no way that it can increase risk 

What it is aiming to to do is just squeeze another 2- 6 pips on each and every trade 

As the bot is automated there is not a setting where you can set a trailing  stop to start at a fixed position (I want that fixed position to be the average weighted point currently calculated, but changes when every trade is placed in a sequence of trades) 
 
LeonF160987 #:
As the trailing stop only activates when the original TP point is hit and only effect the trade when in profit. There’s no way that it can increase risk 

What it is aiming to to do is just squeeze another 2- 6 pips on each and every trade 

As the bot is automated there is not a setting where you can set a trailing  stop to start at a fixed position (I want that fixed position to be the average weighted point currently calculated, but changes when every trade is placed in a sequence of trades) 
If trailing stop activates into the same moment when now it hits TP it means that the first possible exit by trailing stop is with less profit than the current TP.

It do not increase risk but it decrease your potential profit. Then if you take the SL too near to current price, it will be hit very easily without leaving market space enough to breath...