Hello fellows,
i am searching for an EA or indicator that would allow me to scale out of a trade, by defining several level of take profit.
The strategy mean to close a proportion of a position as each take profit level is reached.
For example, if the trade entered on MT4 with a lot size of 3 Lots. If the price reaches 'Take Profit 1', they may close a third of their position (1 Lot), and if
'Take Profit 2' is reached they will close another 1 Lot and finally if 'Take Profit 3' is reached they will close the final 1 Lot of their trade. Scaling out of a
trade is an advanced trading method but it can yield very high profits because it allows you to stay in a trade the longest and gain the maximum
profit.
If someone is willing to share such a tool, thanks in advance !
LS
i am searching for an EA or indicator that would allow me to scale out of a trade, by defining several level of take profit.
The strategy mean to close a proportion of a position as each take profit level is reached.
For example, if the trade entered on MT4 with a lot size of 3 Lots. If the price reaches 'Take Profit 1', they may close a third of their position (1 Lot), and if
'Take Profit 2' is reached they will close another 1 Lot and finally if 'Take Profit 3' is reached they will close the final 1 Lot of their trade. Scaling out of a
trade is an advanced trading method but it can yield very high profits because it allows you to stay in a trade the longest and gain the maximum
profit.
If someone is willing to share such a tool, thanks in advance !
LS
