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I have a rough idea in my mind, and my be a discovered one
Is it possible to write an EA script to change the SL dynamically (something like trailing stop) by the value of an indicator, e.g. MA ?
I mean closing the trade when the price hits a MA indicator.
Of course, the main EA trading system is not based on this SL indicator.
Well, a better name for it would be dynamic TP.
The problem is that the price might cross MA and continue in the same direction, that is TP was hit too early.
Well, a better name for it would be dynamic TP.
The problem is that the price might cross MA and continue in the same direction, that is TP was hit too early.
That is the reason I am seeking for dynamic SL
TP should be defined with another system
In some cases, one can be sure that the trend is reversed when the price (and even better using a low EMA like 5) hits a high EMA or something like this.
If you want some exact trailing stop type, ask programmers. I can write any kind of trailing stop but you should first find out what you need. Because I'll charge you for each of them
Dynamic SL
Linear Mode
