indicator would allow me to set 2 horizontal lines above the bid price (one for
TP pip distance and another for SL pip distance) and two
horizontal lines below the ask price, which always move in tandem with the current
bid and ask lines.
I want to more accurately
eyeball the probability I will reach my target TP pips, without
a high risk of reaching my target SL pips — before entering a one click trade.
I was considering
trying to modify the Spread Lines
indicator to set lines mapped to the value of each of these lines, but I don't (yet) have
the technical expertise.
Any thoughts or
suggestions are much appreciated!
I did write something like this for a mate recently. Not exactly what you wanted but not hard to modify the concept
Which is why I said it wouldn't be hard to modify the "concept", not the source code ;-)
Hi Stuart. Thanks for trying to help, but I'm not sure how to work with an ex4 file. What editor do you use to open and read/work with it? Are you able to send the mq4 file, or is that proprietary? I don't necessarily need everything you wrote, but just a head-start on what you think would help me to write the indicator I'm trying to create. Thanks in advance for your help.
Hi Alain. Thanks for sharing your comment. It helped me.