Specification
i want a breakeven that work as trailing stop
as example : i need to set a target profit and stop loss.
setting in the script:
- 1)At X pips in profit increment with Y lot position.
- 2)At X pips in profit increment with Y lot position.
- 3)At X pips in profit increment with Y lot position.
- 4)At X pips in profit increment with Y lot position.
- 5)At X pips in profit increment with Y lot position.
- 6)At X pips in profit increment with Y lot position.
Draw a breakeven line and move stop loss to breakeven anytime we will increment lot position.
Example : buy with 300 target profit and 100 stop loss with 0,1 lot size.
-1)At 50 pips in profit increment buying again with +0,1 lot size . In the meanwhile script will move stop loss to breakeve that is now at +25 of the initial trade.
-2)At +100 pips in profit increment buying again with 0.5 lot size . in the mean while script will move stop loss to breakeven again, calculating it.
-3)At +170 pips in profit increment buying again with 0.8 lot size. in the mean while script will move stop loss to breakeven again, calculating it.
And so on...
I want to decide how many step to increment, with a maximum of 8 steps.
I want to test it in backtest of metatrader.
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