Profit Lock/Protection EA | Forex Factory

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Profit Lock/Protection EA

  • #1
  • First Post: Edited 9:44pm Feb 13, 2011 9:43pm | Edited 9:44pm
Hi All
Plz i need an EA that will lock profits in pips(move my stop loss) for me as soon as i start making certain profits in pips in any trade.
For Example...
I need the EA to lock 4pips for every 10pips that i make.
In a buy situation the EA will move my stop loss 4pips up for every 10pips i make....and continue like that until i hit my take profit target.
Thanks in advance
Regards
  • #2
  • Feb 13, 2011 10:52pm Feb 13, 2011 10:52pm
Quoting angelo5uk
Hi All
Plz i need an EA that will lock profits in pips(move my stop loss) for me as soon as i start making certain profits in pips in any trade.
For Example...
I need the EA to lock 4pips for every 10pips that i make.
In a buy situation the EA will move my stop loss 4pips up for every 10pips i make....and continue like that until i hit my take profit target.
Thanks in advance
Regards
this feature already exists in MT4. right click on your order and you will see "Trailing Stop" tab where you can sit number of pips (or fractional pips if using 5-decimal broker).
  • #3
  • Feb 14, 2011 7:56am Feb 14, 2011 7:56am
Quoting rocket4x
this feature already exists in MT4. right click on your order and you will see "Trailing Stop" tab where you can sit number of pips (or fractional pips if using 5-decimal broker).
Thanks for your response but its not trailing stop i want though it works like trailing stop.
Heres an example in a buy situation

Say i place a buy in a given pair with a stop loss of 20, as soon as i make 10pips, the EA Jump/step my stop loss by 4pips up making my stop loss 16
as soon as i make an additional 10pips profit making it a total of 20pips, the EA will jump/step my stop loss by 4pips again making my stop loss to be 12....
and so the EA will continue moving my stop loss by 4pips for every 10pips that i make...
Hope you understand now
Regards
  • #4
  • Feb 14, 2011 8:11pm Feb 14, 2011 8:11pm
i see. it is a narrowing trailing stop. probably, you need an EA for that.

Quoting angelo5uk
Thanks for your response but its not trailing stop i want though it works like trailing stop.
Heres an example in a buy situation

Say i place a buy in a given pair with a stop loss of 20, as soon as i make 10pips, the EA Jump/step my stop loss by 4pips up making my stop loss 16
as soon as i make an additional 10pips profit making it a total of 20pips, the EA will jump/step my stop loss by 4pips again making my stop loss to be 12....
and so the EA will continue moving my stop loss by 4pips for every 10pips that i make...
Hope you understand...
  • #5
  • Last Post: Oct 4, 2019 9:52am Oct 4, 2019 9:52am
i am looking for ea that trailstop with accumulated profit. say for example i have two opened position and it is moving 50pips in profit than again i am adding two position thinking it will go down further but if price is reversing that it should close with overall profit that i have all ready specified. so it should close all the four orders and close it in overall profit. so does any one know that kind of ea please share
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