to open a trade: EA uses my indicators (6) - EA does not trade automatically, only opens the order window - only once per indicator event - if indicators fall below threshold, then attain threshold again, order window reopens if no trade was opened; if order was opened, EA does nothing.
for an open trade: on opening, the EA will set a TP according to pips selected; however, the EA will automatically advance the TP once the price has reached a determined PIP distance from the TP - for example: if the opening price is 1.50000, the TP is set 1.50150 (this is a variable EA setting), if the price reaches 1.50145, the TP is advanced 10 PIPS (also a variable EA setting) to 1.50160 - and so on until the PIPS gained reaches a certain point (a variable) - for example: in the EA, the TP is set to 50 PIPS from opening price, the amount of PIPS to advance is set to 10 PIPS, the PIP distance from price to trigger the advance is 10 PIPS; however, the total number of PIPS gained is set to 100 PIPS (a variable EA setting) ; once the trade has gained 100 PIPS, the EA no longer advances the TP, but will set a Trailing Stop 20 PIPS (a variable EA setting ) from current price.
If trade is closed by EA or manually, the EA will resume and open an order window if the indicators threshold is met. And the sequencing repeats.
I am uploading a current EA with my indicators but some of it will not be used and can be deleted. It uses a master and slave concept for multiple time frames. The project will use this EA and add/delete to the master.
Please contact me with questions for clarification.
Thanks for looking
All source files will be delivered to me on full payment. No exceptions.
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