Specification
Simple trade manager that will adjust SL levels based on the achievement of TP levels in a set of trades.
Configurable options:
- Comma separated list of pairs that need to be monitored
- Number of trades to use for a basket (2 to 5)
- Lot size for trades:
- static size for all trades or
- static size for 1st trade, then multiplication size for additional orders
- SL in pips
- TP in pips for each trade step
- Trailing steps for each trade step
- Magic nr
-----------------------------------
Trade panel should show:
- All values as configured by user
- Button to close all trades of a certain basket that the expert is monitoring
EA will monitor trades from other EAs and manual orders.
If EA is already monitoring an active trade for a given pair it will ignore all other orders for that pair until the active basket is closed.
EA will be able to monitor multiple baskets for multiple pairs from a single chart, but maximum 1 basket per pair.
- Status
Shows the number of active baskets, if any, and their individual status
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Example1:
Set defaults to 3 trades, SL 100, tp1 20, tp2 50, tp3 100
-> External EA or manual trade = buy EUR/USD
EA then opens 2 additional buy trades at pre-set sizes and TPs
Price reaches TP1 -> trade 1 closes, EA changes SL for trades 2 and 3 to Open price +1pip
Price reaches TP2 -> trade 2 closes, EA changes SL for trade 3 to TP1
or
Price reaches SL before it gets to TP1 -> All trades in basket close at SL price
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Example2:
Assume defaults are configured as: 3 trades, SL 100, tp1 20, tp2 50, tp3 100 and trail stop enabled with step 3 pips for TP3. Trade size is set to static 0.01 for first, 2x for 2nd trade, 3x for 3rd trade.
-> External EA or manual trade = AUD/JPY sell for 0.15 lots
EA then opens trade 2 for 0.3 lots and trade 3 for 0.45 lots
Price reaches TP1 -> trade 1 closes, EA changes SL for trades 2 and 3 to Open price +1pip
Price reaches TP2 -> trade 2 closes, EA changes SL for trade 3 to TP1
Price reached TP3 -> trailing stop is activated for trade 3
or
Price reaches SL before it gets to TP1 -> All trades in basket close at SL price
-----------------------
Panel mock up:
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