nah. closing a order an open one in the same direction is not a good idea. instead you should modify the sl. With this technique you dont have to pay the spread again every order..
//drop me a pm for the ea.
Z
zzuegg is right, so better after profit 80, the sl move to +40 and tp modify to 160, then if profit have reach 160, sl move to 120................
maybe it's name a trailingstop ea..
hehe..
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Hi friends,
I am new to forex and want a very simple EA which should do the following:
1. Open a BUY trade in EURUSD with SL=40pips, TP=80pips, timeframe H1.
2. If the BUY trade closes in profit, open another BUY trade; if it closes in loss, open a SELL trade.
3. And when the SELL trade closes in profit, open another SELL; if it closes in loss, open a BUY trade.
All trades should have SL40 and TP80 pips.
The idea is to follow the trend - each time a trade is closed.
thanks!
Nasser