I know a little about programming so I know what I’m asking shouldn’t be too difficult, but I’m unfamiliar with the language for mt4. Being this the case, I was hoping somebody could develop this simple program for me. I would like it to do as follows:
I usually make a trade 1:1.5 risk/reward and I want the program to set the stop loss to a specified amount of pips above entry (or - for below) at a specified price (the default would be the 1:1 profit level). So for example,
If I buy eur/usd at 1.5000 and set 30 pip stop and 45 pip target, I would like the program to move the stop to breakeven at the moment the price reaches 30 pips in profit. That would be the default value, but I would also like to be able to change it if I so desired so maybe 35 pips or 25 pips in profit will be the moment the stop is moved. Thats really it. Would be awesome if someone could help. Thanks in advance.