Stop out levels
Calculate the average open price, calculate the loss / pip -> now you have all you need to calculate the distance needed to loose x %-
tradepips:
Can you be more specific which part would help me do a simple indicator?
Can you be more specific which part would help me do a simple indicator?
In your first post you said you wanted an EA . . .
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Hy guys! I was looking for this EA for a very long time, I just don't seem to find it. Can you please tell me if there is one and I missed
The EA should do the following:
In case of multiple trades, to indicate at what value of the currency pair I trade (maybe more of them, not just one, all the same currency) I will loose x % of the account. Ex: If I have 3 trades of the same pair, opened at different leveles, let's say 1 lot at 1.4225, 0.5 lots at 1.4115 and 0.2 lots at 1.3900, and my position is BUY, at what level will I loose 2 percent of my account? I want to input the percentage manually. (For example, to visualize where would I loose 5, 10, 50 or 100% of the account - just for informative reasons, obviously). The level should be a line that varies as the exchange rates vary.
There are some variations on the net of what I need, but none works for more opened position. Do you have any idea?