ThreeTradesOneSL Percentages
- Utilities
- Version: 1.0
- Activations: 15
GREAT ADVANTAGES FOR FAST SCALPING AND SIGNAL ROOMS
SWING TRADES ALSO TAKE GREAT ADVANTAGES IN SET AND FORGET TRADING
WHEN PRICE HIT TP1 ALL OTHERS ORDERS ARE MOVED AUTOMATICALLY AT BREAKEVEN!!!!!
Quick, automatic calculation of the balance percentage across all assets, determined in advance and distributed across the various orders as set in the input window.
You can always get fantastic returns with just one click of BUY or SELL.
This is a great utility that greatly helps in trading practice (For swing traders and scalpers)
automatic breackeven
In particular, it allows you to place three market orders with a single click, with take profit and stop loss distances set in ATR values in the EA input window.
In practice, the three orders and the stop loss are set in advance in ATR values, with a general risk also distributed across the three orders as a percentage.
By pressing the Buy or Sell button, the three market orders will be placed with a single stop loss for all three orders and a pre-determined risk percentage (recommended 1-2%). I set the risk distribution across the three orders at 70% for the first trade, 30% for the second, and 10% for the third.
The various take profits and the single stop loss for the three orders can be manually modified even after they have been placed, allowing for multiple phases of intervention on the current trade.
Now comes the most interesting part:
As soon as the first take profit is reached, the other two orders are automatically moved to BreakEven, so there's no longer any risk of losing money. This is a great advantage even for those who place swing orders and perhaps can't monitor the price to decide when to move to BE. They can leave our EA alone, perhaps by moving TP1, or by pressing the partial button (also very helpful), which will close TP1 (only if in profit) and move the other orders to BE.
Even those who do fast scalping will benefit greatly by placing trades very quickly and being able to secure free market orders by placing TP1 very close.
Following signals or other traders will also be more effective, allowing us to be very quick on the market.
So it's very useful for both swing traders and scalping traders.
You'll find that once you use it, you won't be able to do without it.
