I’ve been searching around and can’t find anywhere an EA which I’m after.
I currently use Steve Hopwood’s MPTM and it works great, however I either need help tweaking a setting or even using a new EA.
As background, I am using Zulutrade to receive signals from SPs and have set a SL for each provider to 20pips. Unfortunately when Zulutrade sets these Stop limits or Take profits, they’re sometimes quite inaccurate. For example I’ve had a few trades that the stop loss was set 27-28 pips away from entry, also the Take profits are often 1 pip less than in the settings so I get less on TP and lose more on SLs. I will alert them to this but in the meantime would like to address this ASAP.
The solution I’m after is using an EA to monitor the TP and SLs for every open trade and modify them to be within a particular range. Eg, If I set max SL as X pips and Min TP as Y pips then any SL exceeding X pips loss will auto adjust to X pips, any SL less than this though will be left alone. Vice Versa, If a TP is under Y pips, the TP will be adjusted up to Y pips.
Steve Hopwood has a forum. Have you asked there? There are some great coders that hang out there, and I’m sure they would be able to make the change in the program very easily.
I’m actually copying ~30 SPs in reverse at the moment with 1k lots on major pairs only. By using tight SL/TP I plan on having a high turnover of trades. It’s an absolute nightmare, but feasible, to determine the potential profitability of this method. Expecting Max Loss to be ~ $200 from high to low for 1k lots.
About your zulutrade account, the discrepancies, can come from your broker and their execution along the way. Sometimes they put quite a bunch of slippage along.