Thursday, February 27, 2020

Understanding TS and BE Fxdreema kind

Best to follow SL rather than TP. It will show as 1 while TP as -1 in the code box.
Important to instruct it to start only when it had reached a certain pips. Best if to work this out according to TS eg. if TS is 10 pips 50% of this would be 5 pips.
If it to start immidiate what is seen today, the TS just modify the ori TP and SL to fix to the new one. The thing is TP= trade open which result in 0's most of the time.

Havent try the % of opposite yet.
Can put ori TP/SL when trade opens as this is to safeguard if sudden short turn back if its not profiting yet.
It works if it is connected to "if trade" block. At least thats what i observe
My understanding is if the price move 10 pips it will be break even as the SL move 5 pips ?? This is correct as the SL was only 5pips when it adjusted when the price profit 50% of TS or 5pips.

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What we learn today.
For TS to work it has to be attach to a "if trade" variable
As for setting at TP. It will immidiately change what was the set TP/SL of the trade
When the trade goes to TS pips example 10, it will move the TP to 20 the SL is pull according to  Sts which is 5p SL
When TP reached 15, itll pull SL to 0.
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It can be set to follow either TP or SL

When following TP, set at at TS 10 and Tst 5, it will go on and hit TP it modified at 10 and end trade. So Tst 5 does not function. It will change the set TP when the trade was set on, in our example 50 pips.
When the price dive down (for Buy) it will pull down the TP with it every 5 pips down (as TSt), but when it turn back up the modified TP will not be change and it will hit with a loss even if its called a  TP.  Under some circumstances this is good as it wont allow to loose so much unless the price keep on dipping down. (like what happen to LO today)
There is an option to "alter" the opposite stop in this case its SL. It can be set in many ways. In other words I got this one wrong also. Only I wish mastering TS and BE can end the game.
So this is not what my understanding and wants of a TS. So lets rethink and re engineer it.