Hello,
I’d like to request a feature to keep the stoploss from ADR/ATR at entry price and not average price.
this is is usefull for a ceratin and very profitable DCA strategy that uses 3 orders with equal spacing between a set range.
the strategy uses yesterdays price action to determines the range, if theres a breakout to the upside (Long) the bot will then place Entry and DCA equally spaced out from yesterdays price action and place a stoploss just below the low of yesterday.
the Orders would be:
Entry: when the condition to enter was met.
DCA 1: retracement of 0.34 of the ADR from Entry
DCA2 : retracement of 0.34 of the ARD from DCA 1
Stoploss: Retracement of 1.05 of the ADR from Entry
This could also be referred to as Fibonacci retracements
currently the takeprofit is a certain ADR value from the average price wich is exacly what I need, so that’s perfectly fine.
when backtesting all this, the results are very promissing, however when running the bos in real time the take profit works from average price and the so does the Stoploss wich is unwanted.
the stoploss is constantly pushed further down, I fail to see how this would work with any strategy becuase you must place the stoploss below all the DCA orders (the bot wont place DCA orders if not), so the value becomes quite big, and would give you massive red bag, before eventually liquidating or capitulating at a massive loss
I hope this makes sense and it is something you also like and would have time to look in to