Hi Petko,
This in my reasoning behind the numbers in the NLF. If for 1 lot we look for a profit of $210 (including a swap of $10) and $70 as one third the profit for a sell stop price (buy price – 70), than for 2 lots we look for a profit of $410 (including a swap of $10) and $136 as one third the profit for a sell stop price (buy price – 136). If 1.4 x 210 = – 294+280 (210+70)-14(swap)=0 for 1 lot, than 1.36 x 410 = – 557.6 + 546 (136 +410) -11.6 (swap)=0 for 2 lots. Now regarding the T/P on a buy trade of 1 lot, if we enter the trade at $9500 BTCUSD we just add $210 to exit at $9710 which we clearly see on the virtical scale of the trading platform. No regarding the T/P on a buy trade of 2 lots, do we than add $410 to the $9500 BTCUSD for an exit at $9910? Does the T/P happen at the virtical scale value based on 1 lot but be twice the dollar amount of a 1 lot trade, or three times the dollar amount for a 3 lot trade? What value to I put in the pending and modified orders? It might be useful to provide us with a chart of the NLF that provides the numbers for different lot sizes on the far left column and the number at each level of calculations out to four changes in the market for each row.
I made another submission with two photos of the main trading window but I didn’t see it populate on the forum. In one example I used the NLF in a buy trade that went south below the sell stop level (buy order – 70) based on 1 lot. This trade took place at night. Instead of watching the trade and making adjustments if the trade when back up again I left it and went to bed. In the morning the trade was closed with a profit of over $90. How did that happen? The trade details were as follows: This was a pending order. Buy order of 9938.26 + 210 = 10,148.26 (stop loss or take profit). 9938.26 – 70 = 9868.26 (sell stop). 9868.26 – 210 = 9658.26 (take profit). I then did a modify order on the long position so that the take profit was the same as the stop loss and the stop loss was the same as the take profit. The positions on the closed trade was as follows: type: sell; size: 1.4; symbol: bitcoin; price: 9868.26; S/L: 10148.26; T/P: 9858.26; time ; price: 9802.26; profit: $92.40
The next question I had was why did a buy EA BTCUSD trade with a zero S/L position close out with a loss of $1133.00 when I did not exit the trade. I assumed that the trade would stay open and reverse the trade over time so that I could recoup the lose. Please explain why the position closed? type: buy; size: 2; symbol: bitcoin.r; price: 9938.51; S/L: 0:00; T/P: 10140.01; time: 2020.06.11 21:00:00; price: 9372.01; swap: 0:00; profit: -1,133.00
If two BTCUSD EA trades with the same lot size open within minutes (e.g. 10 minutes) of each other, going in opposite direction and essentially canceling out the profits of the other trade, is it advisable to cancel one of the trades? Is it advisable to choose different lot sizes for EA created for the same trading pair? Thanks for your assistance.