moving from fixed take profit to calculated on some condition

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Hi Friends,

I have developed one EA in which I have fixed take profit value say 150 pips.

Now I want to change my take profit based on some condition like close buy order if macd goes in negative.

Another issue is my trade lot size is calculated on % of capital & fixed stoploss.

But I want to calculate my stoploss now on some condition for example buy order stoploss should be close price of last candle minus low of last 5 candles. So this will affect my lotsize calculation also.

Can you explain me what all changes needed to do this .

Thanks

 
kcfve123:

Hi Friends,

I have developed one EA in which I have fixed take profit value say 150 pips.

Now I want to change my take profit based on some condition like close buy order if macd goes in negative.

Another issue is my trade lot size is calculated on % of capital & fixed stoploss.

But I want to calculate my stoploss now on some condition for example buy order stoploss should be close price of last candle minus low of last 5 candles. So this will affect my lotsize calculation also.

Can you explain me what all changes needed to do this .

Calculate your SL and TP based on the conditions you want and use those values instead of the fixed values . . .
 
kcfve123:


But I want to calculate my stoploss now on some condition for example buy order stoploss should be close price of last candle minus low of last 5 candles. So this will affect my lotsize calculation also.



The close price of last candle minus low of last 5 candles would make your SL level very close to zero, I can't imagine that is what you want.
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