Take Profit Based on Number of Bars

[nlenz]

Hi,

I'd like to propose creating options in indicators and EAs that also add a TP which triggers if a specified number of bars/candles has passed since entry.

It could be used by itself or together with a pips based TP.

My thinking was that many times if you wait till the open of say a 3rd or 4th bar you can make a good profit without knowing how many pips it would make. Also I think that at the start of a trend, say after a MA crossover, the first few bars offer a good average profit based perhaps on statistics.

Noam