1. Say I want to set a pending order manually (long or short), for say a 100 pip profit and a 50 pip loss. Once my profit target is reached I want the EA to jump the stop by every 30 pips say. In other words after my target profit is reached my 100 pip profit is protected and I can always win a minimum of 100 pip profit. If this is possible can someone please tell me what the various parameters are that need to be filled in this EA. I am NOT looking for a break even of 0 pips as I am willing to loose 50 pips if the trade goes the wrong way.
Here is an example using a daily candle.
1. The High of the day say is 1.4000.
2. At the time when I actually create the pending order the price say is 1.3940 ie 60 pips below the high.
3. I create a Buy Stop pending order, when and if the high price is reached; for a 100 pip profit (1.4000 +0100 =1.4100).or a a stop loss of 50 pips(1.4000 -0050=1.3950).
4. I would like to create 30 pip jumps of the Take profit only after the 100 pip profit is reached.
5. I am not NOT interested in a break even situation
Here is an example using a daily candle.
1. The High of the day say is 1.4000.
2. At the time when I actually create the pending order the price say is 1.3940 ie 60 pips below the high.
3. I create a Buy Stop pending order, when and if the high price is reached; for a 100 pip profit (1.4000 +0100 =1.4100).or a a stop loss of 50 pips(1.4000 -0050=1.3950).
4. I would like to create 30 pip jumps of the Take profit only after the 100 pip profit is reached.
5. I am not NOT interested in a break even situation