Discussion of article "Developing a cross-platform Expert Advisor to set StopLoss and TakeProfit based on risk settings"

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MetaQuotes Software Corp.
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New article Developing a cross-platform Expert Advisor to set StopLoss and TakeProfit based on risk settings has been published:

In this article, we will create an Expert Advisor for automated entry lot calculation based on risk values. Also the Expert Advisor will be able to automatically place Take Profit with the select ratio to Stop Loss. That is, it can calculate Take Profit based on any selected ratio, such as 3 to 1, 4 to 1 or any other selected value.

We will create an Expert Advisor for setting the position opening and Stop Loss prices in the visual mode. Based on these parameters and your risk value, the EA will set the appropriate lot value and will open a position in the relevant direction.  Here is how the EA operation may look like:

Expert Advisor version without a dialog box

Fig.2. Expert Advisor version without a dialog window

Author: Roman Klymenko

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