Why Won't Cover 4 and 8 Sell When The Market Has Reached The Sell Parameter?
Covers that are amalgamated together to form the average price will not sell on its own. Covers 1, 4, and 8 are average price positions.
Covers 2, 3, 5, 6, and 7 are called independent positions and can close on their own provided average price positions have not been reached.
For example, if Cover 4 is reached, Covers 2 and 3 are no longer independent positions. An average price is formed with Covers 4, 3, 2, 1, and the Initial buy amalgamated together.
Similarly, if Cover 8 is reached, Cover 5, 6, and 7 are no longer independent positions. Covers 8, 7, 6, 5 4, 3, 2, 1, and the Initial buy form an average position. Since Cover 8 has been reached, Cover 7, 6, 5, will not sell independently.
The average price position only sells when the average price is reached, plus 1.5% and a retracement of 0.5%.
Attached is a screenshot of the EazyBot Strategy settings.
Covers 2, 3, 5, 6, and 7 are called independent positions and can close on their own provided average price positions have not been reached.
For example, if Cover 4 is reached, Covers 2 and 3 are no longer independent positions. An average price is formed with Covers 4, 3, 2, 1, and the Initial buy amalgamated together.
Similarly, if Cover 8 is reached, Cover 5, 6, and 7 are no longer independent positions. Covers 8, 7, 6, 5 4, 3, 2, 1, and the Initial buy form an average position. Since Cover 8 has been reached, Cover 7, 6, 5, will not sell independently.
The average price position only sells when the average price is reached, plus 1.5% and a retracement of 0.5%.
Attached is a screenshot of the EazyBot Strategy settings.
Updated on: 06/06/2023