Master Bot - Equity triggered
Master Bot - Equity triggered
26 Jul 2017, 20:23
I've been learning how to do this stuff over the last few weeks and have spliced together a bot that opens positions on closed positions. The equity is gaining well, but the acc bal slowly reduces. I could moniter it and just do the very simple thing of manually stopping the bot and closing positions, but like everyone here... we want a complete handsfree approach haha.
So I was wondering if it is possible to make a "Master bot" that does the following;
-On trigger (when total equity of all combined positions reaches a specific % or ratio of Account balance) e.g. 140% or 2:1
-Firstly shutdown "bot name" on all symbols.
-Then after specific bot is shut down, close all positions, cancel all pending orders.
Not even sure if you can have a bot that manages other bots?
Thank you for any help or pointers :)
Replies
theonlinemick
26 Jul 2017, 21:07
Ok scratch that, I just thought of a much better work around.
Very simple question...
How do I cancel all pending orders on all symbols reach a specific pip distance from respective bid/ask price?
@theonlinemick
theonlinemick
26 Jul 2017, 20:26
"The equity is gaining well, but the acc bal slowly reduces" - yes, I do mean the equity (it is not a martigale bot).
@theonlinemick