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Hi,
I need an EA coded that monitors account equity and triggers TP, resets equity SL and allows me to TP based on percentage of equity.
Parameters
Start_Equity_GBP //This is my starting equity.
SL_Equity_GBP //When GBPx has been reached, equity SL moves up to lock in profits.
TP_Equity_PC //This will TP based on percentage(%) of Start_Equity.
Scenario
Start_Equity_GBP: 2000
SL_Equity_GBP: 50
TP_Equity_PC: 25
So, my starting equity is £2000, my SL_Equity_GBP is £50 and my
TP_Equity_PC is 25%.
When SL_Equity_GBP reaches £50, the SL is moved up to £2050 and so on.
If the
TP_Equity_PC reaches £500 (25% of £2000 = £500) then ALL trades are closed.
PLEASE NOTE: I intend to "copy and paste" the code into numerous EAs, so I will need access to the source code of this EA.
I look forward to your replies.
Dave.
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