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Old 09-08-2006, 03:11 AM
fab4x fab4x is offline
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I was experimenting with this idea and found an interesting idea of takingprofit.

What needs to be modifed in the EA is:

Example using CrownFX 1 spread
BUY 1.2800
SELL 1.2799
Results in a -2 pip loss

Place 2 trades order at start of day say 0:00GMT

When which ever direction shows a profit FIRST of "x"(user selectable) then close that profit trade.
Then place the same order again at same price the last trade was at.

SO if the BUY order goes to +10 we close out at 1.2810, Then we again place another BUYLIMIT order at same price 1.2800. This will result in a floating loss of -2 pips while we already profited a +10 pips in our balance.

If order is not filled then we will close and cancell all trades at end of day.

The idea is increase our balance by 10 pips at a time while keepin a -2 pips floating loss, which if I am correct you will lose that when you decide to stop trading. By that time you would have captured a whole bunch of +10pips graps and only 1 loss of -2pips

Hope you understood this idea and could modify this EA to do this.

Thanks
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