- April 4, 2019
- Posted by: Forex Wiki Team
- Category: Forex Trading System
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im discovering this a bit bit demanding on my half however is there any EA on the market that may transfer the cease loss to +(# of pips) above break even on final commerce open. it will perform as transfer cease to break even and a leaping cease that might work on all pairs.
all of the accessible EA is barely transfer the cease loss to break even.
instance:
GBPUSD
you go lengthy and the value retains going in your favor so that you determined to open a number of entry
1st entry)1.30000
2nd entry)1.30550
third entry)1.30600
4th entry)1.30650
all off which have a 25 pip SL.
if the present value strikes 10 pips away from entry value. transfer SL to +2pips to breakeven
and if value strikes away 10 pips from 2nd entry stage transfer the cease lack of 1st entry and 2nd entry to 2 pips above 2nd entry stage
then if the value strikes 10 pips above third entry stage transfer the cease lack of 1st and 2nd entry to 2 pips above third entry stage.
if the present value strikes 10 pips away from entry value. transfer SL to +2pips to breakeven
and if value strikes away 10 pips from 2nd entry stage transfer the cease lack of 1st entry and 2nd entry to 2 pips above 2nd entry stage
then if the value strikes 10 pips above third entry stage transfer the cease lack of 1st and 2nd entry to 2 pips above third entry stage.
principally the entire cease lack of earlier trades could be moved 2 pips above the final opened commerce of that pair.
thanks!
thanks!
Break_Even_Script.mq4 2 KB | 37789 downloads
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Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.