stop loss and take profit readjustment
kamath:
Please give me advise on how I can readjust stop loss and take profit values after I have opened a trade. Many times it would be advantages to readjust stop loss figures to higher values if ou are making steady profit on the trade. Can this be done in Meta Trader 4 plat form. If so please advise me how to do this after the trade has started and running.
Select the order using OrderSelect() then use OrderModify() with OrderTicket(), OrderOpenPrice(), OrderLots() and your new SL & TP . . . . making sure that you comply with the requirements written here: https://book.mql4.com/appendix/limits
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Please give me advise on how I can readjust stop loss and take profit values after I have opened a trade. Many times it would be advantages to readjust stop loss figures to higher values if ou are making steady profit on the trade. Can this be done in Meta Trader 4 plat form. If so please advise me how to do this after the trade has started and running.
Thanks
Kamath
18th October 2012