Different Lot Size per “Trade”

Home Forums General Questions about the Telegram.Forex Application Different Lot Size per “Trade”

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  • #8310
    Aik Baumgärtner
    Participant

    Dear Team,

    I need help with the settings.

    I would like to trade in this way.

    If we say that we have the signal:

    SELL GBPCAD (@ 1.7052)
    Take profit 1 at 1.7032
    Take profit 2 at 1.7002
    Take profit 3 at 1.6952
    Stop loss at 1.7138

    1. set first order at 1.7052 with 0.06 lots – set take profit at TP1: 1.7032

    2. set second order at 1.7052 with 0.03 lots – set take profit at TP2: 1.7002

    3. set third order at 1.7052 with 0.01 lots – set take profit at TP3: 1.6952

    4. Stop Loss is set at 1.7138 in each 3 trades

    We concluded 3 deals (0.06 lots, 0.03 lots and 0.01 lots or a total of 0.10 lots)
    If the price goes in our direction and reaches TP1 at 1.7032 – i will gain 20 pips.
    Once the first TP is reached, we must close the first and largest deal – the one with 0.06 lots.
    After closing the first position of + we have 2 more positions that continue to develop – we can immediately move their stop loss (both) to the entry price or to the TP1 price (at which we entered into a deal with the 3 positions) – 1.7052.
    No matter how this signal develops from here on out, we will be with the minimum certain profit of 20 pips. We give the other two trades freedom and wait for them to hit their targets.

    How can I manage this system?
    Is it possible to set a different Lot size for each TP?

    What settings do they recommend for me?

    #8331
    Veronika Momir
    Moderator

    Hello Aik,

    Yes, it’s possible to set up the EA to work that way. You can use custom lot sizes for each TP level from EA version 1.14.6. To do this, in the EA’s inputs, go to Select the Money Management Method and choose Custom Lot Split, then set the lot sizes below.

    To set up breakeven, go to Set Breakeven Rule and choose At Previous TP. When the first TP level is hit, this will move the SL to the open price +/- Pips Offset From Open Price. When TP2 is hit, the SL will be moved to TP1 price and so on.

    Hope this answers your questions.

    Telegram.Forex

    #8355
    Aik Baumgärtner
    Participant

    Dear Veronika,

    thank you.

    That is awsome 🙂

    I like your good support

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