I need to get feedback if what i'm doing is correct.
To those of you using my simple trade manager EA.
There is an input parameter SL & TP.
I added input parameters True SL and True TP
SL (in pips) should be higher than True SL
TP (in pips) should be higher than True TP
For example:
SL: 50
True SL: 30
TP: 50
True TP: 30
Buy EURUSD @ 1.09000
EA place SL at 1.0850 which will show in your MT4 S/L column
EA place TP at 1.0950 which will show in your MT4 T/P column
Scenario 1:
Price went down 1.0870, EA closes the trade because that is the True SL (30 pips), which is hidden from broker.
Scenario 2:
Price went up 1.0930, EA closes the trade because that is the True TP (30 pips), which is hidden from broker.
Does this makes sense?
Cheers,
FxTurtle
To those of you using my simple trade manager EA.
There is an input parameter SL & TP.
I added input parameters True SL and True TP
SL (in pips) should be higher than True SL
TP (in pips) should be higher than True TP
For example:
SL: 50
True SL: 30
TP: 50
True TP: 30
Buy EURUSD @ 1.09000
EA place SL at 1.0850 which will show in your MT4 S/L column
EA place TP at 1.0950 which will show in your MT4 T/P column
Scenario 1:
Price went down 1.0870, EA closes the trade because that is the True SL (30 pips), which is hidden from broker.
Scenario 2:
Price went up 1.0930, EA closes the trade because that is the True TP (30 pips), which is hidden from broker.
Does this makes sense?
Cheers,
FxTurtle
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