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Old 09-29-2008, 01:56 PM
latimeria latimeria is offline
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If you mean you want to know how to set up, explanations are follows.

This EA has 4 selectable take profit method.
You can change method by changing "TakeProfit_Method".

Default is "0". It means EA doesn't place Takeprofit at trade opening.

If you change it to "1". EA place Takeprofit at trade opening.
This method determine Takeprofit by multipling initial stoploss.
For example, when initial stoploss is 100pips and "TP_Multiple" is 1.8, Takeprofit is 100*1.8 = 180pips above the entry price (when long).

If you change it to "2". EA place Takeprofit at trade opening.
Takeprofit is simply the value of "Fixed_TP"(pips).

If you change it to "3". EA place Takeprofit at trade opening.
Takeprofit is determined by multiple("SR_Multiple") of the value of custom indicator (Support and Resistance).
This method determine Takeprofit first and determine stoploss by multiple("TPvsSL_Ratio") of Takeprofit.
But it's experimental and I don't recommend to use this method.

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Regarding trailing stop, almost the same.
This EA has 4 selectable trailing stop method.
You can select method by changing "TRAIL_Method"

Method "0" doesn't trail.

Method "1" determine trailing stop width from multiple("Trail_ATR") of daily ATR. (default)

Method "2" determine trailing stop width using simply fixed pips("Trail_Pips").

Method "3" moves stop to preserve profit (= Bid - current stoploss, *case of long) by the rate ("Profit_to_Reserve").
If Bid - current stoploss is 100pips and rate is 0.2, EA moves up stop 20pips.
But it's experimental and I don't recommend to use this method.

Last edited by latimeria; 09-29-2008 at 02:13 PM.
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