For starters… I don’t know how practical this is but, I was wondering if this is doable and if anyone has anything like this already? What I was thinking is a forward jumping take profit! I primarily trade 4 hours and up and find that after I hit my take profit (not always…) the pair trades even further for a few hundred more pips…
what I was thinking of attempting is have an EA look back at say… 4 candles and determine if the previous candles are trending the correct direction… something like four 1 hour candles or something. If all four candles are say trending down… then move the take profit out 20 pips… and repeat. This way the EA has potential for a larger run. I’m not sure but it sounds good! Let me know… thanks for reading
what I was thinking of attempting is have an EA look back at say… 4 candles and determine if the previous candles are trending the correct direction… something like four 1 hour candles or something. If all four candles are say trending down… then move the take profit out 20 pips… and repeat. This way the EA has potential for a larger run. I’m not sure but it sounds good! Let me know… thanks for reading