DislikedGleneagles:
Please could you check, clarify/confirm the settings.
I plan to demo trade this management EA this week for the 240-15-5 TF
The Input that is not 100% clear to me is MOVE STOP=54( my setting)
1.Does this mean the hard stop of 80 will move ? and if so to what point?
2.OR that Trailing STOP will kick in when TP1+4(BE) ?
3.or anything else?
ThanksIgnored
If you are trading with a platform that allows partial closing on demo, make sure that you will be able to partially close positions on a live account, otherwise you are wasting time testing strategies on demo that involve partial closing of positions.
This will determine what EA you can use to manage trades.
1) If you are able to partially close positions on the platform you are trading with (on a live account), make sure you test the EA, it works well most of the time but it does have issues on some platforms.
2) If you set Move Stop to BE at 54 pips, the EA should move stop to entry when your trade hits +54.
3) TS will start trailing once the trade is at +50 pips.
Taking into consideration all of the above, make sure that the EA works OK on your platform and that you are able to close partial positions.
" Never let the past hold the future to ransom "