If closing additional lots (after balance is up 1%) leaves your balance at a negative 1% or lower with your core, do you immediately readd the first level of additional lots? This happened to me this AM. Thanks
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DislikedIf closing additional lots (after balance is up 1%) leaves your balance at a negative 1% or lower with your core, do you immediately readd the first level of additional lots? This happened to me this AM. ThanksIgnored
DislikedIf closing additional lots (after balance is up 1%) leaves your balance at a negative 1% or lower with your core, do you immediately readd the first level of additional lots? This happened to me this AM. ThanksIgnored
DislikedNo I do not. I look at the equity amount (combined open and closed) to determine when to add, not the core position. When the equity goes down $1000 from a high, then add.
Does that help?Ignored
Dislikedanpar, shouldn't you use an extern variable for Magic on the close script? This way you can distinguish which level you are at. Let's say you have put on lots at the .08 level, and now you want to cloe that level. The way the script reads now, it would close .08 and .04 levels.Ignored
DislikedIn order to stay neutral, shouldn't we only be be adding when the equity goes down by $1000 from the original amount? Maybe Im missing something... If you add when it goes down by $1000 from a high, it may never surpass this high... or it may take years. Whats the strategy in that situation? Thanks.Ignored
DislikedNice result Chartguy, no tempted to close the initial basket lots?
2,500usd good moneyIgnored
Disliked
If unit 1 loses $1000 and you add two units....... then the core unit only needs to gain 33% of the original amount it lost to get the account back to break even. If the unit gains 66% of the loss back, with the other two units you are now at a $1000 new equity high and can close the original.
Ignored