Hi,
I have an EA trading tool, which calculates the exact trading sizes according to the risk parameters I put in and places TP and SL automatically. I would like to have added a trailing stop which when enabled in the EA's parameter settings works in the following way: It should trail by the amount of points it is seeking to gain when the TP is reached or according to the Take Profit Factor. Here is an example:
I am short from 100 with my stop at 110 and with a Take Profit Factor at 1.3 which puts the TP at 87. When I am 3 points ahead at 97 the TSL will equal the SL at 110. With any further decline the TSL will "trail" down accordingly point by point. With a TP at 1.5 the TSL would start to surpass the original stop when the market trades lower than 95. So in short, the Take Profit Factor is decisive computation variable and logic how the TSL should work!
Who is willing & able to code this? A note of caution I want issue here too: One prominent coder with over 500 done coding jobs on this forum was not able to perform the job! Therefore only experienced programmers should apply!
I will send the MQL4 code for the EA trading tool upon acceptance of the order.
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