how to add a 3 pip take profit for every opened trade, do i need a EA?Back to topics list |
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horizon
2009.08.16 15:42
would this EA text once active in metatrader autofill the take profit field with a 3 pip take profit above the current market price on the forex for any buy or sell trade? if it would not how would i do that, the fastest way for every trade?
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Fulltime247
2009.09.12 07:59
I could do it for you. send me a email to fulltime247@ymail.com (you cant PM on this forum?)
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OMARFX
2009.09.22 21:39
FullTime : I have 2 questions/ problems I need to know if you can fix. I wanted to know if it is possible to create a template that will automatically put a vertical line on 11AM my time which is 6:00 on the MT4 platform on my broker and then anouther vertical line at 3 AM my time on the chart (... which is 10:00 on my MT4 platform). these would be my "Period separators" or in other words the time that I am awake and available to trade. I wanted the program to do this automatically so that I can test my system on the hours and data that I am awake! That would be great. It would be awesome if I can add this to my other templates or run it concurrently with them. Does it have to be an indicator to do this? What do you think can it be done? PROGRAM #2 Is it possible to make a MT4 Position Sizing Indicator? I was wondering if it is posible to make a custom indicator that would use the crosshair pip measurement tool to measure the "risk" in the trade and then tell you how many lots you can put in on the trade with that value. In other words: If I see a "LONG" trade happening and I need to measure the "risk" on the trade to know how many lots I need to buy. I like to risk 3% of equity per trade so then what I do is I measure the risk in the trade with the Pip Measurement tool/crosshair then I put in the results in an excel spreadsheet that tells me how many lots to trade. So I would click with the middle mouse button on the chart and turn
on the Crosshair. Then measure down on the possible risk - since I am
going LONG. Lets say it gives me 20 pips exactly (just to make the
following math easy). So then I take and put in 20 pips on my spreadsheet and it will
calculate how much 20 pips of Eur/usd is 3% or less in Lots so that if
the trade goes down and hits my stop loss I won't lose any more than 3%
on that trade. The math for that formula is (Equity * 0.03) / (20 pips * $0.1) (for
micros, $1 for minis, $10 for standards of course) = # of lots I was wondering if we can add this to the MT4 PLATFORM and that it could:
What do you guys think? Is this possible? Can anyone here figure out how to do this one? ** Thank you again in advance ** Omar |
