Hello Everybody ,
This is my first forum ever. I never wrote one before on any website. So i apologize if it is misplaced.
I have an idea that i am trying to develop. In order for me to progress with it , I need to be able to set the EA to have the ability to open a new position when there is one already open. or in other words to add to that position without closing it. Please advice if that is possible , and how can i set it up. Does it need coding ? This is essential so i can be able to back test my strategy.
Is there another software that will help me do that ? I found this software somewhere on one of the forms here,
and i was wondering if that can help me set multiple positions.
Thanks a lot for everyone's help and support.
Thank you for your reply.
So is it possible to even set it at a larger amount that way it can have more than 10 orders for example ? and this only works with MT4 ? is that variable editable in MT4 ? I am still learning on how to create my strategy on molanis.
Are you talking about scaling in where it adds to the position as price increases (if it were a buy signal)?
I dont think you understood molanisfx :) or I dont understood you :)
In MT5 you dont have orders like in MT4. In MT4 when opening 5 LONG orders of volume 1 you would see 5 order in your Trade box with each being 1 volume. In MQL5 you would se one line (called you position) looking just like your order in MQL4 but it would sit on a volume of 5 (all order counted together) for the long position. When opening a short of 1 volume your MQL4 would sit on 6 (5 longs and 1 short) orders where you MQL5 POSITION would sit on 4 (5long - 1 short = 4long)volume.
Hope this makes sense?
Yes thats exactly what am talking about , thats what i need . how can i set that up ?