Script for Sizing TP and SL based on % of average range - is there one?
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TrailingStopBE(OP_SELL,(iATR(NULL, PERIOD_CURRENT, 30, 0)/4) );
I use this for breakeven. Same principle applies to ATR stop or target.
ForexTrader17:
???? ^_^
TrailingStopBE(OP_SELL,(iATR(NULL, PERIOD_CURRENT, 30, 0)/4) );
I use this for breakeven. Same principle applies to ATR stop or target.
In the Source Code I found a collection of scripts for adding stop loss and profit targets. It has lots of parameters and maybe it will be just as good as getting a script and setting the average. I trade up to 12 commodities or currency pairs at a time using some manual Renko charts and 4 different EAs. A script that does what I want and when I want it is important to me but these may work fine. Thanks for the suggestion as I am new to this site if not MT4. Trading and not programming is my interest so I usually just ask and pay for what I want. I am highly suspect of "free" anything.
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Another topic reminded me of a script I custom ordered a few years ago that was a bit clunky so I moved on and forgot about it.
The idea is to run a script on demand on any chart that will calculate a fixed profit target and stop loss on the basis of XX bars or the average daily range over XX period that will apply only to the open poisitons of a single pair or commodity where the script is run.
My old script opened a window where I could select the number of bars to average and then set a Target Price of XXX% and a Stop Loss of XXX% that would be sent to the bróker. It does not have to be virtual since the idea I have protection in for those positions while I am doing something else.
I trade both currency pairs and commodities so the standard EAs that "do everything" don't fit me well and I also want confirmation with the bróker in case of computer failure, connection failure, etc.
If anybody knows of a script like this or similar, I would appreciate it.
If it hasn't been done (hard to believe) then I am willing to commission building the script.
I want a script and not an EA. My MT4 is very busy already.
Me: Michael Maggi for a PM or reply here is OK with me.