Disliked{quote} My question is if a basket is set to take profit at a certain $USD or ADR% will that null the TP and SL in pips that I set for each position? Or in other words, if I set Basket TP at $20.00, will it close ALL positions at the moment when total profit of say, 12 positions, totals out to $20.00?Ignored
If you set an ADR% TP/SL it is a 'hard' tp/sl set for every individual pair with the broker and you can see it on your charts after the trades have been opened. These ADR% TP & SL will remain in place even if you lose connection or shut down your computer. The basket TP & SL (as well as the profit lock settings and trail function) are controlled by EAX and apply to your WHOLE basket - as long as EAX is running. And yes, you are correct, if the basket TP or SL is reached, ALL trades will be closed.
Safest option is to use a wide ADR% TP & SL together with basket TP/SL. Then you will have a tp/sl in place with your broker, but can still control the whole basket's tp/sl/profit lock/trail outcome with EAX basket settings.
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