I need EA to manage open positions.
Example (Buy Entry):
- Entry Taken at price 100.00
- TP Set in EA for the First trade only: 30Pips
- Price reverses 20Pips, EA takes another buy trade. (I set manually the reversing pips to reenter)
- After entering the second buy trade the TP of the first trade drops by certain number of pips (Manual set in the EA)
- The second trade will copy the newly adjusted TP Price of the First trade.
- If the price reverses another 20 pips the EA will take another buy trade.
- EA will drop down the TP of the first trade by another certain pips as set in the EA.
- Entries 2nd and 3rd will copy the newly adjusted TP of the newly adjusted price of the First trade.
- This process will continue until the price hits the TP.
EA needs to have the following settings:
1- Number of total entries allowed per direction.
2- TP(Pips) of the First trade.
3- ReEntry Pips Difference
4- TP (Pips) Adjustment of the first trade.
5- Lot size: Fix or different
6- If Different then set:
Entry 1=
Entry 2=
Entry 3=
and so on till Entry 30
Special Note: EA should continue adjusting the entries after the weekend even if the computer was switched off before the weekend then restarted again before the market opens.
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