@ Scali:
Hi Scali,
Late answer, not that I wanted to ignore your post, but sometimes when I know that an answer is going to take some time, I keep it for later and answer the other posts first
John has perfectly answered to you, I am 100 % in line with what he said.
I would add that coding such things would be like having a kind of Grid Trading and averaging down the price at various levels. Doing such things on 1 pair is one thing, but doing it with a whole basket is another. It would make it really difficult to follow what’s going on with the basket.
Like John said, when entering 108 pips away CCFp “would be signalling an opposite entry by the time it meets the scenario set by yourself”.
Instead of managing each pair separately I really prefer to manage them as a whole basket.
Now here is a tip which you might like:
You have probably noticed the Special Basket function in the DB. At the moment, I am not really using it, nor that I don’t like it, but because I keep my baskets opened as much as possible to get some stats. But be sure that I will use the function in the future.
With your idea, you would be averaging down the price 108 pips away, and so you need price to move at least half the distance to your initial entry price to be at BE, and that on each pair.
Here with the Special Basket Management you can track the Profit and Drawdown for the entire basket and so manage the basket as a whole thing.
Here a screenshot to highlight what I mean, the basket was in profit and made a new high water mark for the total profit at 1457 (but you can note that the pairs in profit were at a new high when the pairs in drawdown were at a new low). Then you can see that the drawdown start to decrease and here you can play with that to place a Stop on the pairs in drawdown… You have a deeper explanation in the PDF.
sb.png
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