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Hi,
I need a ea based on two moving average cross over. Stop loss will be calculated in terms of previous couple candle (I will choose how many candle) low or high or fixed amount pips. Lot size will be calculated based on how many pips sl. Lot size will be in two form fix amount dollar or account percentage.
Now , when there is a cross, ea will open one trade And two pending order . let say sl is 10 pips so profit target for the first order is 30 pips. The pending two orders will be 10 pips and 20 pips away from the initial opening position and both pending order profit target is the same place as the first opening position.
That means for first pending order profit target is 20 pips and sl 10 pips and second pending order profit target is 10 pips and sl 10 pips.
If market hits the sl. So obviously the first opening position will be closed. So I want the two pending position also close. The ea will wait for the next signal. If market goes the favorable direction. And if the current market execute the second trade the first position will comes to breakeven position and the sl of second position will e the same plaace as the first one. If the trade goes the profit direction and the second pending order execute . at this time all three trade sl will be the opening price of the second posion, that’s means the first position in now in profit 10 pips, second position in breakeven and third position in 10 pips risk.
If all trade hits the profit target it will wait for next crossover of two moving average. Similar for sell direction.
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