Multiple TPs

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Germandaytrader
66
Germandaytrader  

Hello experts,

what is the best way to add multiple TPs to a MT4 trade? MT4 itself doesn't support such an option?

Thanks in advance.

Germandaytrader
66
Germandaytrader  

It seems no option exists?

Mladen Rakic
187331
Mladen Rakic  
Jawitech:
It seems no option exists?

The only way would be to make some EA that does that

But with multiple TPs there are always problems (you almost never know at what step of TP you are)

Germandaytrader
66
Germandaytrader  
Thanks mladen. There are many systems creating several TPs for a trade, thought there will be an easy method (if TP>x than move SL to BE+y and TP to TP2 or something like this). Will have a look if I find an suitable EA to do the job.

Have a good weekend!

Mladen Rakic
187331
Mladen Rakic  
Jawitech:
Thanks mladen. There are many systems creating several TPs for a trade, thought there will be an easy method (if TP>x than move SL to BE+y and TP to TP2 or something like this). Will have a look if I find an suitable EA to do the job. Have a good weekend!

I am aware that there are several EAs that are using partial closes (I wrote some of those)

What I was trying to tell that usually such EAs can work only if you know the original lot size of the order (if you want to close an order in an exact number of steps simply because each partial close actually creates a new order which loses original order information - including the original lot size and the comment field that could have been used for keeping information about that original lot size)

So, you are probably going to have to work with constant lot size orders

Germandaytrader
66
Germandaytrader  

Ah, now I got you. I'm usually trading with 0,10 lots currently, so that wouldn't be a problem.

Could you recommend me an EA, probably one that you made?

Thanks for your help!

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