Looking for stop loss indicator

I'm looking for an indicator which will activate after I have entered a trade and market has risen/dropped by 30 pips. The indicator should then cut me out if market reverses on me by 30 pips. No idea where to look, anyone any idea? Thanks

You understanding of the proper terminology is very poor.

First of all, an indicator can't be used to handle trade management. Only an Expert Advisor or script can do that and from your description a script wouldn't be useful.

The description you gave seems to be describing a trailing stop, not a stop loss. There is a very important difference between the two and you need to learn these things before posting. My suggestion - learn the proper terminology and if it is in fact a trailing stop EA you require, do a search, there are several available.

I am looking for an EA as this also. I've searched and I now idea why I can't find one. My SL I want is 20 pips for scalping system. I know this is out there. I'll continue to look and will post something if found. Thanks guys.

Hi chewz!

See attached EA. I have given you a "StopLoss" parameter with 30 as the default. I hope this is what you were speaking about.

CodeMeister,

Do not be so harsh on chewz, he is only a beginner in Forex. We were all once like him

Dan.

You can apply your settings. tp, sl, be.....