Opening Additional Trades After a Position Reaches Break-Even
Summary
The article describes an expert-advisor method for allowing another trade after an existing position has been protected at break-even. It counts only matching positions whose stop loss has not reached the entry price, using the count to enforce a maximum number of unprotected trades. Once a position's stop is at or beyond entry, it no longer consumes a slot.
A separate function moves the stop to the entry price after price advances by a configured number of points, using the bid for buys and ask for sells. The example combines this break-even adjustment with a one-position limit, so a new trade can be opened after the existing one is protected. The approach is illustrated with code rather than performance evidence. Its counter is described as suitable for market buy and sell positions, not pending orders; the article does not discuss broader risk controls or test results.
Key ideas
- Count only positions whose stop loss has not reached the entry price when enforcing a trade limit.
- Move a buy stop to entry after the bid rises sufficiently, and a sell stop after the ask falls sufficiently.
- A position protected at break-even frees a slot for another trade under the example's counting rule.
- The described counting logic is intended for market positions and may not handle pending orders correctly.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.