Specification
Modification Request
Take Montiero_ea_1 and do the following:
- If "Take Profit" TP is not acheived, then it is equal the total number of cycles multiplied by the "Stop Loss" SL until it is acheived.
- Cycle is defined by an entry is placed for a Forex order and either the "Take Profit" or "Stop Loss" order has been filled.
For example:
EUR/USD is @ 1.0000
[Cycle 1]
Stop Loss = 10 pips
Take Profit = "Cycle 1" * "Stop Loss", which means 1*10 = 10 pips
If "Take Profit" was not acheived in "Cycle 1", then it resumes with the following:
[Cycle 2]
Stop Loss = 10 pips
Take Profit = "Cycle 2" * "Stop Loss", which means 2*10 = 20 pips
If "Take Profit" was not acheived in "Cycle 2", then it resumes with the following:
[Cycle 3}
Stop Loss = 10 pips
Take Profit = "Cycle 3" * "Stop Loss", which means 3*10 = 30 pips
You get the idea. This process continues until "Take Profit" is acheived and the "cycles" starts over with 1.
Regarding the other parameters of Montiero_ea_1 (ie: nCycles, Base, Magic) will remain the same.
Please let me know if further clarity is needed.
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