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