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Hello attached is a basic and good break even EA. The problem is that it does not manage multiple orders. Lets say for example I have orders spaced 10 pips apart example: 131.00, 131.10, 131.20,131.30 131.40, 131.50, etc. Total range 100 pips within 131.00 - 132.00.
I need the EA to kick in and set a break even on all orders once the price has gained 50 pips and reached 131.50. Then from that point after 50 pips if the price continues up to use a break even of 20 on all orders after 131.50 till the daily trend for that day gets weak. Then on my next buy signal if the trend is still strong and continuing up the EA would be reopened, and the process repeated on a set of new pending buy stops.
If anyone can modify this it would be appreciated and I think help a lot of trades to be more profitable with pyramid trading
Hello Everyone,
Over the past few weeks I've been trying to come up with a formula to implement into an EA. Sadly, my brain just can seem to wrap itself tightly around the concept. Here's an example.
If you're limit is 100 and you're lot size is 1.00
If you're looking to make say, 100% off of what you've lost in a previous trade then your break even point would be 50 pips. (not too hard).
What I'm trying to figure out is, if I wanted to sell off increments of that 1.00 lot up to 50 pips in order to break even, what would the formula be?
For example, if at every 5 pips I wanted to exit X amount up to 50 pips that would break even, how would the formula look?
I'm not even sure it can be done but I wanted to ask.
__________________ http://www.EAprogrammers.com/ - A free resource devoted to connecting successful forex traders with professional programmers.
Any one know of any simple breakeven EA's ive tried BreakEvenExpert_v1 and one other but they just dont work, they never put the stop in once its reached the target.
Linear Mode
