Hi, I posted this message in our communication thread last week, but didn't see a response, so maybe it's off the bottom of your page.
Do you have time for this special take profit adjustment to my two EAs?
Good morning. I have a request for a new Take Profit Type for my candle Range EA, and Reverse Candle Range EA.
I don't know if it has a special name, I've never come across it.
I want the take profit figure to trail price. i.e. reducing if price moves against my entry price.
For example; I enter long with a Fixed 100pip SL, and a starting TP of 50 pips,
If price moves 5 pips lower than my entry price, the TP figure will be reduced to 45 pips.
If price continues to 50 pips below my entry price the TP figure will be at break even.
If price continues to 75 pips below my entry price my TP figure will be at -25 pips. (a loss).
vice versa for short entries.
Trailing pip figure entry via 1. fixed pip amount, or 2. % amount of ATR. (or % amount of pip range of "box" is ok for 2. too.)