My trading work is finally coming together.
submitted 2 years ago by humancorpse from (i.imgur.com)
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[–]humancorpse[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - 2 years ago* (1 child)
my bot closes the trades by waiting until it goes slightly past the target price and then it slams a stoploss right behind it.
fyi, the red line with the white tip is the target price.
https://files.catbox.moe/du81s4.png
[–]humancorpse[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - 2 years ago* (0 children)
and now it has already begun another position..
this is what i call a "gridding" trading system.. it is the most dangerous and crazy way to trade...
in this example, the current price is below the "target price"(red line with a white tip) and it places a trade when it is 8 pips below and then 12 pips below and so on and so on and then when the price goes onto the other side of the take profit it will close the trades in profit using a stoploss.
https://files.catbox.moe/jyxgnl.png
and since in started writing this comment it has opened a second trade.
https://files.catbox.moe/xke1bi.png
when the current price is below the target my bot will open more and more trades as the price goes down.. can you see how this is a dangerous and foolish way to trade? if the price were to keep going down, my account would blow up due to margin calls.
if(pos>=8) wantlots+=baselots; if(pos>=12) wantlots+=baselots; if(pos>=16) wantlots+=baselots; if(pos>=20) wantlots+=baselots; if(pos>=24) wantlots+=baselots; if(pos>=28) wantlots+=baselots; if(pos>=32) wantlots+=baselots; if(pos>=36) wantlots+=baselots; if(pos>=40) wantlots+=baselots;
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[–]humancorpse[S] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - (1 child)
[–]humancorpse[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 1 fun3 insightful - 2 fun - (0 children)