Sorry if the heading might sound a little confusing.
I was wondering if there was a script out for metatrader that automatically sets a stop loss at break even or wherever if it goes x amount of pips in your favor?
Something similar to what the trail stop function does except it doesn't trail.
For instance: I set a buy on e/u at 1.5000 with a 50 pip s/l at 14950. If it goes x maybe 25 pips up, s/l will automatically be moved to 1.5000.
I was wondering if there was a script out for metatrader that automatically sets a stop loss at break even or wherever if it goes x amount of pips in your favor?
Something similar to what the trail stop function does except it doesn't trail.
For instance: I set a buy on e/u at 1.5000 with a 50 pip s/l at 14950. If it goes x maybe 25 pips up, s/l will automatically be moved to 1.5000.
