hi everybody,
I am new here and hope to find some help from the community. Following is the problem. I would like to calculate my "exit levels" based on the price with which I entered a trade. E.g. I buy the USDJPY for 98,000 and want to exit if the position turns against me - say buy price minus 2xATR. So if the ATR is 10 pips - the position should be closed when the price falls below 97,800 - so I would use the the close feature in Molanis to exit a deal when it turns against me.
Does somebody have an idea how I can "store" the price with which I enter a position?
I hope I could make myself clear and I am looking forward to getting some suggestions on how to solve the problem
best regards alexander
|