Calculate Average exit point for various Orders with diferent lots

Hello guys,

imagine i have 1 buy order with like 100 Profit Points with 0.1 lots, then i want to open another buy and put the SL in the price that allows me to do not loses any money, it should be the point where the profit from the first order should cover the loss of the second if the train goes south!

For 2/3 orders that is easy... and for a couple of orders,?
Any known formula that i can use ?

I hope you all understand my doubt

is this a mathematical expectancy ??? http://www.tsresearch.com/public/mon...y_management1/

If I understand you correctly you're looking for the formula to calculate your average price.

1st trade - 1 lot @1.5000

Price is now 1.6000

2nd trade 3 lots @ 1.6000

((1*1.5)+(3*1.6))/4=1.5750

1.5750 would be your average price where if price reaches that point you are at breakeven on that postition.

So ((trade size 1*price)+(trade size 2*price)) divided by total position size.

If you know where you want your stop there is another formula you can use to figure out what size your next trade should be in order to bring the stop exactly to that point.

ms thanks for your link, that wasn't really my goal but it was an interesting reading.

LS, can you share that second formula too ?