Hi again, I'm filled with ideas as usual but need assistance to make it into a reality, or maybe the tool I need already exist (but I did searched Google a second ago...)
Anyway, this will be a little complicated, but if you don't understand, I can create a YouTube video to further clarify what I need...
Let's begin with an example...
I am trading EURUSD and now the market is at 1.2560, I then set a "sell" order with volume 0.01. Automatically, my profit will be -$0.03 at point of order. The price is also adjusted to 1.2563.
Just so we are crystal clear, if the market goes down to 1.2559, I will have a profit of +$0.01 and if the market hates me and goes up to 1.2564, my profit is -$0.04. I hope you are very clear so far.
Now, let's add the complication:
I realize that I have made a mistake and should have opened a "buy" order. So instead of closing that "sell" order, I open another "buy" order of volume 0.02, and at the market price of 1.2570. And at the market price of 1.2570, the earlier "sell" order would have given me a profit of -$0.10.
My question is can you create a calculator/software to find out at what price can I set for both order so that I could set a S/L on the "sell" order and a T/P on the "buy" order so that I will get away with an overall profit.
I hope you understand what I require, and this is only calculation for two orders, which can be easily calculated manually or I've also tried MS Excel, it works, but for multiple orders at different order price and with different order volume, then you will have a mess I hope someone can solve.
Anyway, this will be a little complicated, but if you don't understand, I can create a YouTube video to further clarify what I need...
Let's begin with an example...
I am trading EURUSD and now the market is at 1.2560, I then set a "sell" order with volume 0.01. Automatically, my profit will be -$0.03 at point of order. The price is also adjusted to 1.2563.
Just so we are crystal clear, if the market goes down to 1.2559, I will have a profit of +$0.01 and if the market hates me and goes up to 1.2564, my profit is -$0.04. I hope you are very clear so far.
Now, let's add the complication:
I realize that I have made a mistake and should have opened a "buy" order. So instead of closing that "sell" order, I open another "buy" order of volume 0.02, and at the market price of 1.2570. And at the market price of 1.2570, the earlier "sell" order would have given me a profit of -$0.10.
My question is can you create a calculator/software to find out at what price can I set for both order so that I could set a S/L on the "sell" order and a T/P on the "buy" order so that I will get away with an overall profit.
I hope you understand what I require, and this is only calculation for two orders, which can be easily calculated manually or I've also tried MS Excel, it works, but for multiple orders at different order price and with different order volume, then you will have a mess I hope someone can solve.
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