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#1
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I have an old ea from Taylor Stockwell (MTP 1.7) that I modified (or tried to) to automatically split and manage your trades. Here is how it's supposed to work:
You place a trade manually up or down. The EA gets the Daily ATR . Sets the SL and first TP to 1/2 ATR. Once price reaches 1/2 ATR - 1/3 of the order takes profit. SL moved to 1/2 ATR. Once price reaches ATR - one more 1/3 order is take profit. Then the last 1/3 order can run to a TP of 3x ATR OR run with trailer of 1/2 ATR depending on what you set. That's how it's should work but what it actually does is take all three 1/3 orders and take profit at about 1/2 ATR. I am not much of a programmer (but then again, I'm not much of a trader either) But anyway, I think this might be a useful tool to add to your ea box. I hope someone can see what I did wrong and make it work. thanks much Bill Last edited by bill; 01-08-2009 at 19:14. Reason: error |
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#2
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I too use the ATR for stop losses and take profit, in much the same way as your EA. I think it would be great to have an EA that could do it automatically! I hope someone can figure this out for you (I can't program either), because I would like to try it.
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