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Hi freelancer,
I have a MT4 trading bot that has the smart grid strategy.
Some things of the strategy has to get a little change.
The things:
- Now if it goes 3 pips in profit it put a SL in the profit zone so with a 0,01 lotsize I always have around $0,30 profit per trade.
But what I want is that if the trade goes after this 3 pips in profit goes to 5 pips extra in profit the SL has to move something like 3 pips up automaticly.
So that ones the trade has a bigger pullback it takes the profit automaticly.
- The strategy is that if the trade goes like 10 pips in loss it automaticly adds an other trade in the same direction as the first one.
The first one was 0.01 lots so the second will be 0.02, after the 0.02 will come 0.04 and after that 0.08 etc etc. The thing is that I have this exponential in the code but it doesn't work.
- The last one is that it happens too much that I have a too high lotsize because I am like 100 pips down on a trading pair.
I don't want this anymore. I have found out that this always happens when the 15min chart is broken to the opposide direction.
But then still the bot adds higher lotsizes with the hope that it will have a little pullback of 10 pips to end in profit and a that high profit that it makes all the other open trades of that pair with smaller lotsizes also good. So IF the 15 minutes chart breaks it has to stop adding extra higher lotsize positions. But it has to take the losses and start adding positions in the opposide directions because of the trendline break (or moving average, I don't know what works better).
As you can see on the picture in the files the bot was in buy positions of GBPcad. But it broke the trendline and still added higher positions with the hope on the little pullback.
Always is this the one problem that stopped out my account. Losses are on demo account by the way. And it is on cTrader, but as you know the bot is translated to MQL code :). Thankyou :). The code is not big by the way.
Luuk
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