HI, just wondering if there is an EA for MT4 which will activate a trailing stop after target profit has been hit.
[B]A brief example: [/B]
Entry: 1.8000
Stop-loss : 1.7950 (50 pips risk)
TP: 1.8110 (110 pips from entry)
Once price has reach 1.8110, [B]stop loss will move[/B] to 1.8100 (+100 pips) to secure a 1:2 risk/reward.
At the same time, trailing stop of 10 pips at 1.8110 would be activated. ( trade would still exit at 1.8100)
The intention is to secure a 1:2 Risk/Reward while letting the trade run further and locking in profit for any
further movements.
Thanks.
Yes you can use MPTM(multi purpose trade manager).That EA will fulfill all your requirements.
Hope this helps.
Thanks.
Tahir.