Thread: MQL4 Learning
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Old 08-05-2008, 02:41 AM
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how to automatically close unnecessary locked position?

Hi people!
I've been succesfully trading for the last several months using Ichimoku in conbination with ADX, plus some stochastic configurations to pick up tiny pullbacks.

My problem is that I hate stop losses, and always would rather lock a losing position than close it. Be it good or bad, but it would be nice to have a way to automatically close a locking position should the initial one make money.

Say, I buy EURUSD at 159, set Take Profit at 160, and I put a sell stop at 158.50.
Now, if the TP works, I want Metatrader to cancel the sell stop automatically.
Is such a thing possible?

Thanks a lot
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