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Hi, I am in the process of creating an EA but I am unsure of how the Meta Quotes Language work. I am currently adhering to the rules of a trading system but the only problem is that I have to it manually, which is cumbersome and thus I would like to create an EA that could help solve the problem. Below are the rules and parameters of this trading system:
I first start by making a BUY/SELl trade (In this example I will BUY) (This process is done manually by me). I will then input my TP and SL for this trade (100 pips for each)
After I have made this particular BUY trade I would like to have a SELL STOP set at a certain distance from the first trade. For example, I will set the SELL STOP at 50 pips below the first buy trade. Thereafter, IF this SELL STOP activates, I would want another BUY STOP to be placed at 50 pips above the SELL STOP. Then, if this BUY STOP activates I would want another SELL STOP to be placed 50 pips below it. The the process repeats.
Then, If any of the trade Take Profits, I would want all my pending trades (Unactivated SELL and BUY STOPS) to be closed. This is the entire process which I hope the EA can automate for me. Help is greatly appreciated! Could someone advise me on the source code I can adopt? Thanks in advance!
Yours Sincerely,
Tom