Enclosed you will find a possible setup for a trade with the SuperNova system.
First you set the EA to take profit first after 30 pips (in this example). It will close 1/4 of your postion or 1.25 lots (5 lots overall). Then after 20 pips it will close another portion of 1.25 lots and so on until there is nothing left to sell.
Then we move to the section where the stops are being moved.
First stop target should always be "6" to move your stop to 1 pip and making this a profitable trade. The second stop target should be somewhere closer to your first take profit target and lock in some nice little profit. If then you want to use the third stop target, move your stop to some nice spot, preferably aour first take profit.
In order not to loose too much, leave the Use_Max_Loss at "true" and then type in the max loss in pips that your money management calls for.
I guess that is about it. You can always remove the EA from your MT4 platform and start it again. Then it will manage the trade from that point in time and will count the pips from that new basis. This will lead to moving of stops, but no taking profit and lets you ride the wave to its end.
Hope that helped!
Gnat
You will find the managetp34.ex4 file by entering a search here at FF. Include stockwet - he made this.
Attached Images