I am creating an EA in MQL4.
I am trading in XAUUSD. The scenario is –
I open a buy trade of 0.01 lotsize on currentPrice which is 2000.00, now the price shifts in downward direction to 1995.00 which means my current P/L will be $5. I know the direction will go further down so make a hedge trade, which is a sell trade of 0.02 lot size on 1995.00
as the Market goes down the sell trade will be in profit and buy trade will be in loss. at 1990.00 buy trade will have $-10 and sell trade will have +$10 so the overal P/L will be zero. now it goes further down to 1980.00 buy trade will have $-20 and sell trade will have +$30 so the overal P/L will be $10.
in my code i am unable to calculate this price of 1980.00 where my target of $10 is acheiving. how do i do that?