I’m looking for 2 things that could go hand in hand: an EA capable of triggering a ‘stop loss’ order at a price higher than current, or once it reaches a certain price (assuming i enter long) and an EA capable of making a ‘stop loss’ or ‘trailing stop’ of 1point (minimum my broker is offering is 15p).
Or, to put it another way, a method of turning a ‘take profit’ into ‘stop loss’.
I’m assuming it will be hit pretty often once price reaches the level, but i’m only risking 1point compared to normal TP and i think risk/reward ratio is good enough. What do you think about this?
Plenty of trade management EAs for free. One of them might do what you want.
Yes there are so many TP, SL & BE managing scripts & EA s available. Try MQL Code Base to find the one that suits you.
Thanks guys, i have found quite a lot of them.