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EA manages ATR orders

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bgau
6
bgau  

I have an old ea from Taylor Stockwell (MTP 1.7) that I modified (or tried to) to automatically split and manage a trade. Here is how it's supposed to work:

You place the trade manually up or down.

The EA gets the Daily ATR . Sets the SL and first TP to 1/2 ATR.

Once price reaches 1/2 ATR - 1/3 of the order takes profit. SL moved to 1/2 ATR.

Once price reaches ATR - one more 1/3 order is take profit.

Then the last 1/3 order can run to a TP of 3x ATR OR run with trailer of 1/2 ATR depending on what you set. That's how it's should work but what it actually does is take all three 1/3 orders and take profit at 1/2 ATR.

I am not much of a programmer (but then again, I'm not much of a trader either)

But I think this might be a useful tool to add to your ea box.

I hope someone can see what I did wrong and make it work.

Thanks BiG

Files:
dizlc.mq4 11 kb
bgau
6
bgau  

EA uses ATR

I have an old ea from Taylor Stockwell (MTP 1.7) that I modified (or tried to) to automatically split and manage a trade. Here is how it's supposed to work:

You place the trade manually up or down.

The EA gets the Daily ATR . Sets the SL and first TP to 1/2 ATR.

Once price reaches 1/2 ATR - 1/3 of the order takes profit. SL moved to 1/2 ATR.

Once price reaches ATR - one more 1/3 order is take profit.

Then the last 1/3 order can run to a TP of 3x ATR OR run with trailer of 1/2 ATR depending on what you set. That's how it's should work but what it actually does is take all three 1/3 orders and take profit at 1/2 ATR.

I am not much of a programmer (but then again, I'm not much of a trader either)

But I think this might be a useful tool to add to your ea box.

I hope someone can see what I did wrong and make it work.

Thanks BiG

Files:
dizlc.mq4 11 kb
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