1st target: Close
50% at 2 X Stop Loss distance from entry. E.g. If the stop loss is 15 then the
first take profit target would be 30. (can be set to true or false).
After the first target is reached, move stop loss to break
even.
2nd target: Close
a further 25% at 3 X Stop Loss distance from entry. E.g. If the stop loss is 15
then the 3rd take profit target would be 45.
After the 2nd target has been reached then trail the price
by the distance between target 1 and target 2 - trail from the break even.
Closing trade on Bollinger Band: There needs to be an option (that can be set
to true/false) where the EA will close an open trade if the bollinger band is
touched for the first time (lower bollinger for a sell or upper bollinger for a
buy). This must only happen after the 1st target has been reached.
Closing trade after take profit reaches stop loss distance.
This is an extra option that can be set to true or false that will allow the EA
to close a trade after it is in profit the same distance as the stop loss (1:1
Risk Reward). E.g. If the stop loss is 50 the take profit will be 50. If this
is set to false then the other targets are used.
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