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Explanation:
I need a simple trailing stop
EA that is activated when a predetermined or an entered profitAmount is reached. Once activated, it should move to cover/ lock /protect a
percentage of the profit gained and then trail this percentage along each predetermined incremental amount.
For example;
If profitAmount entered =
$20, %protected= 70%, IncrementalTrailingMove = $ 5 Then
TrailingProfit = $20 x 70% = $14 (ie. Profit
locked). This percentage will then move for each $5 increment in profitAmount. Hence new profitAmount = $25; TrailingProfit= $25 x 70% =
$17.5
etc.
Possible
inputs, subject to change by the developer
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INPUTS
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ProfitAmount
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……..
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%Protected
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………
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IncrementalTrailingMove
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………
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Position
size
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………
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