I would like to have an to EA manage an open trade that has a manually entered stop loss and target profit.
short example;
The trade would stay open unless;
1 target was reached
2 a price bar closes above the MA by 'X' pips and then the next bar exceeds that bars high by 'Y' pips
Vice verca for long.
Stop would move to break even at a user specified pip profit.
So 4 variables'
the MA period and type
buffer X ( amount the bar must close over the MA)
buffer Y ( amount the bar closing over the MA must be exceeded by to close the trade
Pips profit to go to breakeven
Many might find this useful as MA's are a common trailing stop guide.
Let me know if I havent described this clearly.
many thanks
Lindsay
short example;
The trade would stay open unless;
1 target was reached
2 a price bar closes above the MA by 'X' pips and then the next bar exceeds that bars high by 'Y' pips
Vice verca for long.
Stop would move to break even at a user specified pip profit.
So 4 variables'
the MA period and type
buffer X ( amount the bar must close over the MA)
buffer Y ( amount the bar closing over the MA must be exceeded by to close the trade
Pips profit to go to breakeven
Many might find this useful as MA's are a common trailing stop guide.
Let me know if I havent described this clearly.
many thanks
Lindsay
All that matters is winning the week