Is there a way to when placing an order automaticaly have a SL or TP?
Any EA can do that for you
What exactly did you have in mind?
I want to set my SL on 6 pips (my broker has extra digit, so it is 60pips) and TP is 8 pips (80).
Thanks in advance!
Hey i have idea about SL or TP the idea is originaly for a comertial system but it coud work for money manigment EA or Script . The basics are on the photo http://prntscr.com/8t3c60
1 idea is you coud enter 2 lots on retracement and exit 1 lot on T1 and dont move SL to BE and the trade wil be free of loss or exit 1 lot at T1 and Break even. i was thinking if you can mae some EA or script that automaticly puts sl and tp or you tell it witch is the signal bar and it automaticlyputs pending orter on retracement. Do you think that can be useful ?
What are the criteria (mathematical or coding criteria) for "retracment"?
im sorry i dont know how coding works but i was thinking for example if we get signal from RSI to use the high of the signal candle and the low of the nearest fractal and using this 2 points to get the retracement for entry http://prntscr.com/8vhtay
Wouldn't that signal repaint?