n my case, when I open a transaction, for example buying and the price does not reach Take Profit, or I open the sell operation and when it makes the return to continue until my Take Profit I open another buy transaction. with the same Take Profit as the first one. yes the topic is interesting, since I recently created an indicator for myself, and now I am thinking of taking advantage of the information from this indicator to create a cBot, this would be a great idea to combine the two ideas to guarantee the maximum benefit. If you want you can read about my indicator here: https://tradinginanut.web.app/details If you like we keep in touch.
Thank you for your reply
From what you said I understand that you double your position when the market go against your direction to make more profit, am I right?
If this what you mean, You can use this way when you usually open small positions that dont affect your margin so much and you are safe, in this case your loss would be not too much and opening another position in the same direction will make you benefit from the market to double your profit.
But in my case, I usually open large positions and losses can be high and can affect my margin, so I minimize the losses by a hedge position, the position I can open manually if i am watching the market, or if am busy i create pending order.
But if the market move to my take profit and the position is closed, then pending order is useless and need to be canceled automatically once the take profit reached.
What I want, someone can create a cBot for for this case "if the market move to my take profit and the position is closed, then pending order is useless and need to be canceled automatically once the take profit reached.”
MultiCash
08 Aug 2023, 03:00
RE: Ralated orders
Tradinginanut said:
Thank you for your reply
From what you said I understand that you double your position when the market go against your direction to make more profit, am I right?
If this what you mean, You can use this way when you usually open small positions that dont affect your margin so much and you are safe, in this case your loss would be not too much and opening another position in the same direction will make you benefit from the market to double your profit.
But in my case, I usually open large positions and losses can be high and can affect my margin, so I minimize the losses by a hedge position, the position I can open manually if i am watching the market, or if am busy i create pending order.
But if the market move to my take profit and the position is closed, then pending order is useless and need to be canceled automatically once the take profit reached.
What I want, someone can create a cBot for for this case "if the market move to my take profit and the position is closed, then pending order is useless and need to be canceled automatically once the take profit reached.”
@MultiCash