The process works as follows:
1. You identify your point of entry
2. Open the EA and input your stop loss, risk and take profit targets (which in this case are based on fibo numbers)
3. The EA will place the trade immediately, basing your lot size on your predefined risk and stop loss.
4. The EA will manage the partial closures of the trade at each take profit target.Ignored
Thank you very much. It is quite a "struggle" for me, as this will be the first time that I will use an EA. And I am no computer expert too.
But learning a lot from this thread. Thank you to all who has helped.