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Stop Loss

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gsozfx
8
gsozfx  

Hi all

I have a simple double MA EA that works fine for me, but I want to add an automatic stop-loss at time of order placement. I need a simple stop at entry, but which moves with price action until break-even is reached, then the stop becomes fixed. Does that make sense?

Does someone out there have a piece of code they are willing to share with me to achieve the above?

pro_atro
459
pro_atro  

Stop loss help investors in controlling their risks and it is imperative to know at what time a stop loss need to be put. Extending the stop loss position is not a good idea as it can result in a bad situation for you.

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