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Whenever a position is opened manually or by another EA, after the TP is hit, this Auto scaling EA opens another position with a set TP and SL(lot size is in the settings), when the TP is hit, it will continue to the same thing until the stop loss is hit, or the position is closed manually or by another EA. Simple! The EA is placed on "one chart" and it does not open any trades on it's own unless the trade was initially opened manually or by another EA. For example I manually opened a buy position of EURUSD with a TP of 20pips and SL of 50pips. As soon as the TP is hit,, the auto scaling EA opens another position with a SL of 20pips and a TP of 6pips. when that TP is hit, the EA does the same thing again and so on until the SL that was set by the EA, or the SL set manually or by another EA is hit, then the cycle is complete.
Default settings
Lot size 0.10
TP 6pips
SL 20pips
These values can be changed manually
Typically this EA should start working with the default settings once dropped on a chart incase I forgot to put on a chart before a position is opened and of course the EA will still have to wait until the a take profit is hit in the positions that were already opened manually or by another EA
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