– Breakeven Stop Distance (pips) : This represents where you want the EA to move your stop loss. It will be activated only after the Breakeven Stop Trigger is activated.
It has to have an input number higher or equal to zero, where zero represents BE or your forex tester professional.rar entry price.
– Trailing Stop Trigger (pips) : This represents how far the user wants the price to move in his favor before the EA will start trailing your stop loss that you have already set. – Trailing Stop (pips): This is the increment by which the EA will trail your stop loss. Let’s assume you want to move your stop loss to breakeven once the market moves 50 pips in your favor. You will have to forex tester professional.rar use the following settings: Breakeven Stop Trigger = 50 pips; Breakeven Stop Distance = forex 0 tester professional.rar. In the same case scenario if forex tester professional.rar you want to move your stop loss abovebelow the breakeven point because you want forex tester professional.rar to lock in some profits, you need three ducks trading system ebook to set the Breakeven Stop Distance at professional.rar forex tester whatever number of pips you wish above forex tester professional.rar or below your entry.
Forex tester professional.rar Enabled.For example; you set the Breakeven Stop Trigger at = ea code trading 50 pips and the Breakeven Stop Distance at 20 pips meaning you will be locking in 20 pips if price turns around. Keep in mind; the Breakeven Stop Distance always has to be less than the Breakeven Stop Trigger. When we run the Trade Manager EA in the Two Trades mode, the expert advisor will help you with the trade management of your open positions in the sense that it will split your trade into two forex tester professional.rar take-profit orders. You have the option to tester forex professional.rar set the distance of where you want forex tester professional.rar to take the profits as well as the quantity. – Two Trades Lot Size 1 (%) : Represents the position size of your first take-profit order and it’s expressed in percentage of your total position size. – Two Trade Profit #1 (pips) : The distance in pips from your entry price forex tester professional.rar where you want to take best forex simulator app the first profits. – Two Trades Lot Size 2 (forex tester professional.rar %) : Represents the position size of your second take-profit order and it’s expressed in percentage of your total position size.
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Let’s forex tester professional.rar assume you want to split your trade forex tester professional.rar into two take-profit orders so you can take partial profits. You choose to take 60% of your entire position once the forex tester professional.rar market moves 20 pips in your favor forex and tester professional.rar the remaining 40% part of your position once the market moves 40 pips in your favor. In order to forex tester accomplish professional.rar this, you need your settings to be similar to the settings in the image above. I f your initial position size is 100,000 (1 standard lot) forex tester then professional.rar, the first take profit will represent forex tester professional.rar 60,000 while the second take profit will represent 40,000. When we run the Trade Manager EA in the Three Trades mode, the expert advisor will help you with the trade management of your open positions in the sense that it will split your trade into three take-profit orders of your choice. You have the option to set the distance where you want to take the profits as well as triple arrow system forex factory the quantity.