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Experts

SLTP Currency - expert for MetaTrader 4

Desmond Wright
Views:
13341
Rating:
(4)
Published:
2009.10.28 12:02
Updated:
2016.11.22 07:32
Download as ZIP, How to download code from MetaEditor
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Author:

Desmond Wright aka Buju

This EA will use the deposit currency as stop loss and take profit for each trade. It does NOT use pips to measure values.

Once profit or loss has been reached it will close the entire trade.

Of course if you are trading 1 USD / pip then the stop loss and take profit will in "pips".

Example:

  • if you set take profit to 10 ( and you are trading 1 USD/pip) then the trade will close at 10 USD or 10 pips, same for stop loss.
  • if you set take profit to 10 (and you are trading 0.5 USD/pip) then the trade will close at 10 USD or 20 pips, same for stop loss
  • if you set take profit to 10 (and you are trading 2 USD/pip) then the trade will close at 10 USD or 5 pips, same for stop loss.
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