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Hello,
I need an EA that makes my work easier. I want to prepare two trades and the EA should execute them when the next candle is printed. Once this is
done, I don't want it to open a new trade with every new candle, but only the SL should be trailed according to the rules below. (Example: if
one (or two) trade is open on a symbol, no new trade may be opened on this symbol.)
General settings for both trades:
- Trading direction: Buy or Sell
- Number of trades: 1 or two trades (2nd trade should be optionnal)
- Money management (e.g.: 5% loss of account balance possible with selected SL) depending on whether one or two trades (e.g.: 5% in one
trade, but if two are selected the risk should be halved to 2.5% for each trade)
Settings of the two trades:
1st trade
- The SL should be a Trailing SL on a Moving Average (period, mode and shift freely selectable), which is set with each new candle.
- no TP
- Position size dependent on SL value and selected money management Risk (see above)
2nd trade (optional)
- SL on the value of the last candle of the Movin Averages from Trade 1. This SL is fixed and not Trailling
- TP = Pips of the selected SL
- Same as in trade one
Trade exit takes place via whether an SL is hit.
The EA should run on all timeframes and symbols and not interfere with each other.
Many greetings,
Hani
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