Hi Autumn,
Under your situation below, you would not have the original market order. The original market order also has a take profit associated with it, so you would only have 1 limit order at the top. Now you have one order open. If prices drop 200, then enter a market order with no take profit, so as to try to average down your orders. And add limit orders now.
Under your situation below, you would not have the original market order. The original market order also has a take profit associated with it, so you would only have 1 limit order at the top. Now you have one order open. If prices drop 200, then enter a market order with no take profit, so as to try to average down your orders. And add limit orders now.
DislikedIm confused over when to add the long limit trades.
For example after adding the first market order, prices go up 102 pips.
so i would have 10 limit orders with 10 pips profit each.
Now i have the original market order and 1 limit order at the top, then prices starting go back down to starting market order price.
Do i start setting limit orders again when prices start going back up?
From the way i see it, we would be adding more and more orders as prices oscillate up and down.
Or do we only add limit orders above your average price?Ignored