Hello
I've been looking around for an EA or indi that would let me set auto stop loss and take profit levels, and also buy or sell limit orders and same with buy or stop orders. I've been searching for a week and came across quite a lot but some don't work and others are faulty, and it's cut into my trading time
If anyone has any experience with using this or please can just point me to a thread where to look would really be appreciated
The basic premise being to place a trade whether buy or sell with a definable lot and sl/tp level, and if tp/sl level is hit, then a new trade with the same lot is placed in that with the same tp/sl level. I guess it's the same as auto pending orders at different levels and deleting the ones not hit
For example :
A BUY order was placed and tp was set at 100 pips and sl was set at 50 pips, if the tp is hit then a new BUY order is placed at the tp level of the previous order with same tp/sl level of again.
And if the BUY order hit the sl level at 50 pips, then a new SELL order will be placed with the same 100/50 tp/sl level at the sl level
And if a SELL order was placed and hit the tp level at 100 pips, then a new SELL order will be placed at the tp with the same tp/sl levels
if the SELL order hit the sl level at 50, then a new BUY order will be placed at the sl level with the same 100/50 tp/sl level
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------
And also, just a simple EA/indi that would open trades automatically in the opposite direction once the trailing sL is hit
For Example:
A BUY order was placed with trailing stop loss of 30 pips, once it's hit a new SELL order is opened with the same trailing SL of 30 pips at the SL level of the previous trade, and once that's hit, a new BUY order is opened with the same trailing SL at the price the SL was hit with the same trailing 30 pip SL
I would really appreciate any help with finding such an EA/indi or if you know of existing EA/indi
I've been looking around for an EA or indi that would let me set auto stop loss and take profit levels, and also buy or sell limit orders and same with buy or stop orders. I've been searching for a week and came across quite a lot but some don't work and others are faulty, and it's cut into my trading time
If anyone has any experience with using this or please can just point me to a thread where to look would really be appreciated
The basic premise being to place a trade whether buy or sell with a definable lot and sl/tp level, and if tp/sl level is hit, then a new trade with the same lot is placed in that with the same tp/sl level. I guess it's the same as auto pending orders at different levels and deleting the ones not hit
For example :
A BUY order was placed and tp was set at 100 pips and sl was set at 50 pips, if the tp is hit then a new BUY order is placed at the tp level of the previous order with same tp/sl level of again.
And if the BUY order hit the sl level at 50 pips, then a new SELL order will be placed with the same 100/50 tp/sl level at the sl level
And if a SELL order was placed and hit the tp level at 100 pips, then a new SELL order will be placed at the tp with the same tp/sl levels
if the SELL order hit the sl level at 50, then a new BUY order will be placed at the sl level with the same 100/50 tp/sl level
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------ ------------------
And also, just a simple EA/indi that would open trades automatically in the opposite direction once the trailing sL is hit
For Example:
A BUY order was placed with trailing stop loss of 30 pips, once it's hit a new SELL order is opened with the same trailing SL of 30 pips at the SL level of the previous trade, and once that's hit, a new BUY order is opened with the same trailing SL at the price the SL was hit with the same trailing 30 pip SL
I would really appreciate any help with finding such an EA/indi or if you know of existing EA/indi