- There is no such thing as a trailing take profit. When the market hits the TP the order is closed.
- There is no such thing as a leading take profit. It can never be hit, thus useless.
- Don't use a TP, at all. Trail your SL.
William Roeder:
- There is no such thing as a trailing take profit. When the market hits the TP the order is closed.
- There is no such thing as a leading take profit. It can never be hit, thus useless.
- Don't use a TP, at all. Trail your SL.
Of course a trailing TP is a thing, why not ? It's the exact opposite of a trailing SL. When you reached a given distance from the open price, if it goes in the opposite direction your TP will follow.
Vivek Danielson:
Hello I was wondering if anyone know how to code EA, reverse "Trailing Stop Loss" into "Trailing take Profit"?
thank you
It's trivial. Show your code if you need coding help.
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Hello I was wondering if anyone know how to code EA, reverse "Trailing Stop Loss" into "Trailing take Profit"?
thank you