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Entering a second trade in the same direction with an automated strategy on pullback

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    Entering a second trade in the same direction with an automated strategy on pullback

    I am looking for any insight on entering a good bit below the current buy in for any set strategy that I have. I have two orders enter at this point but they enter at the same price but one will exit for a scalp while my other can run. Is there a way to make my scalp only enter on a 10 tick pullback or more. Then if the order doesn't reach that it just wats until the next signal? I am not sure how advanced this would get if I already have everything else working.

    #2
    Hello, thanks for writing in. If you are using the strategy builder, the unrealized profit/loss information is available to read, so you can try to incorporate this condition into your strategy:

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      #3
      Are there any issues that an arise with adding a second trade in that direction after the initial signal? Or will I be good if I make sure it exits with or before my first trade conditions?

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        #4
        Hi, I forgot to mention that you would set Entries Per Direction to 2 to allow the strategy to enter a second time. You can find that in the General properties.

        Kind regards,

        -ChrisL

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