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Looking for this EA for MT4

robotfxea (robotfxea)
Jun 19 2015 at 13:29
20 posts
Hi
I'm looking for an EA (MT4) that can set the take profit 100pips away from the last trade. So if I have multiple trades opened, it must move the TP for all the other trades, too. That means that some of them will have negative TP.

I'm doing this now on the chart, dragging the entry line for all trades, but it does take time. An EA that can do this will help me a lot.
So, let's say (please see the picture) that the price is going down but I open a buy. The TP should be set 100 pips away (more or less, it's just an example, but I must be able to choose this distance from within the EA's settings). The price still goes down, however I open a second trade - the TP of the second trade is set 100pips away AND the TP of the first trade also moves on the same position, 100 pips from the second trade. The price goes down even more, I open the third trade, TP for all positions moves 100pips away from this last trade.

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“If 90% of the traders are losing their money, do you really want to follow the same rules they do?!”
CrazyTrader (CrazyTrader)
Jun 19 2015 at 21:47
1718 posts
You need a little script

IXBONE
Jun 19 2015 at 22:08
97 posts
fetch the last trade from the history and modify existing trades with +100

robotfxea (robotfxea)
Jun 21 2015 at 10:13
20 posts
Thanks, but I think you misunderstood me.

CrazyTrader: Can't be a script, it must be an EA. Dragging/dropping the script takes almost the same time as dragging the TO myself with the mouse, on the chart.

Ixbone: I don't know why I should go to history, I need this EA to manage my opened trades. Did you check my picture and understood my request?

“If 90% of the traders are losing their money, do you really want to follow the same rules they do?!”
CrazyTrader (CrazyTrader)
Jun 21 2015 at 10:44
1718 posts
Yes you are right... a little EA.

IXBONE
Jun 21 2015 at 11:31
97 posts
robotfxea posted:
Hi
I'm looking for an EA (MT4) that can set the take profit 100pips away from the last trade. So if I have multiple trades opened, it must move the TP for all the other trades, too. That means that some of them will have negative TP.

I'm doing this now on the chart, dragging the entry line for all trades, but it does take time. An EA that can do this will help me a lot.
So, let's say (please see the picture) that the price is going down but I open a buy. The TP should be set 100 pips away (more or less, it's just an example, but I must be able to choose this distance from within the EA's settings). The price still goes down, however I open a second trade - the TP of the second trade is set 100pips away AND the TP of the first trade also moves on the same position, 100 pips from the second trade. The price goes down even more, I open the third trade, TP for all positions moves 100pips away from this last trade.

you are not clear! you wrote from last trade, open or closed last trade? also you wrote from negative tp, which indicates from closed trades. if open, you can do this by script too, because sometimes its not useful the modify tp each tick! an ea would normally modify tp each tick

robotfxea (robotfxea)
Jun 22 2015 at 08:39
20 posts
Ixbone: all trades are opened. I don't know how else I should explain, I'll try again :)
First pic shows 3 opened trades with 100pips TP each - that's because I set the TP to 100pips.
Second pic is what I want the EA to do. Which is to set the TP for all OPENED trades to 100pips away from the last OPENED trade. That way, only the last trade will make profit, while the first 2 will have negative profit = loss.

The EA shouldn't modify the TP with each tick, it should modify it one time, just after I start the third trade... and the fourth... and the fifth... and so on = each trade I open a new trade, until I will either lose everything or the trend will reverse in my favor.

“If 90% of the traders are losing their money, do you really want to follow the same rules they do?!”
CrazyTrader (CrazyTrader)
Jun 22 2015 at 08:43
1718 posts
Easy to code... very risky strategy.

StoneHeart (StoneHeart)
Jun 22 2015 at 12:25
131 posts
This is something alike Break Even.
But as you describe it, strategy can finish with big loss.
... make some calculation for N(>=3) orders, and N-1 negative close.
I agree : Writing Expert/Script is easy.

Small GAIN, big WIN
robotfxea (robotfxea)
Jun 23 2015 at 06:52
20 posts
Well, then write it and post it here :)

“If 90% of the traders are losing their money, do you really want to follow the same rules they do?!”
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