Yes, it is definitely working. What happens when you run it? Perhaps there is some output in the Experts tab when you execute it?
Ok.. I download the zip script.. extract it then place files in Mt4 script file.
This is where I’ve tried different points to both to minimum and additional point areas.
My SL to trade price is 55 pips or 550 points.
I want to be in 2 pip profit when breakeven moves.
When I place my trade order I drag the breakeven over to my chart set the settings and hit ok..
When the price goes into 2pip profit my SL doesn’t move. I’ve let it run into 5 pip profit and still doesn’t move.
This is where I’ve tried different points to both to minimum and additional point areas.
My SL to trade price is 55 pips or 550 points.
I want to be in 2 pip profit when breakeven moves.
When I place my trade order I drag the breakeven over to my chart set the settings and hit ok..
When the price goes into 2pip profit my SL doesn’t move. I’ve let it run into 5 pip profit and still doesn’t move.
It doesn't work like that. The script runs only once when you attach it to the chart. If the trade is already in enough profit when you run the script, it moves the SL to the given BE level. That's it. The script won't be there to monitor the positions and apply the BE.
Thank u, so that I understand… when my profit reaches 3 pips I set the breakeven script.
What setting do I use to have my SL move to a 2 pip profit mark?
The reason for all this is I’m a scalper on the 1 min chart. My take profit is between 3-5 pips on each trade. I’ve noticed more than half of my trades will run into 9-12 pip profits so I’m looking to breakeven at 2 pips but letting it run to 9 or more pips. I have an Auto SL/TP EA that sets everything but I noticed u also have a script that appears to do the same thing. Can I run 2 scripts at the same time and run a Trailing Stop EA?
What setting do I use to have my SL move to a 2 pip profit mark?
The reason for all this is I’m a scalper on the 1 min chart. My take profit is between 3-5 pips on each trade. I’ve noticed more than half of my trades will run into 9-12 pip profits so I’m looking to breakeven at 2 pips but letting it run to 9 or more pips. I have an Auto SL/TP EA that sets everything but I noticed u also have a script that appears to do the same thing. Can I run 2 scripts at the same time and run a Trailing Stop EA?
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Additional profits to 20 (considering there are 20 points in 2 pips) and minimum current profit to 30.
You can run as many scripts as you like because they are never run at the same time. They can only be run consequently. And yes, you can still run scripts on the chart if there is an EA attached to it.
It is simple, that is Metatraders Key. You should choose other than Metatraders Keys
Ok thanks, I thought it was not ;-)
Setting it to some other combination will help you avoid the tick chart window popping up, but if you want to remove the script's inputs window, you need to modify the script's source code. Find this line:
MQL5:
#property script_show_inputs
MQL5:
//#property script_show_inputsMany thanks, that's great. I'll do this because it's easier for me to use ALT + B for breakeven
Good day to Earn Forex team!
Knowing that I use the EA position sizer and I open my trade with TP1 and TP2 split 50%/50%. My TP multiplier for SL is 1.0.
I am currently looking for a way to move one of the two stop-loss automatically at Breakeven to a R/R level = 1 or the exact position of the TP line. In my idea the SL would be moved to TP1 line after price is just over a few pips. Pls let me precise that I do not apply take-profit.
I am trying to reduce my risk by cutting half of my position when reaching TP1, this way I can't lose money. But the better option would be to have the stop-loss placed as Breakeven. In this case if the market shoots up, I can keep 100% of my position.
I hope my suggestion is understood and some may find it interesting. If Position Sizer can add as comment a suffix TP1, TP2, etc... I can use this script to sort positions using comments. And if the script calculates the number of pips automatically from entry to stop loss, it could move the stop-loss as proposed.
Many thanks for your good work!
Knowing that I use the EA position sizer and I open my trade with TP1 and TP2 split 50%/50%. My TP multiplier for SL is 1.0.
I am currently looking for a way to move one of the two stop-loss automatically at Breakeven to a R/R level = 1 or the exact position of the TP line. In my idea the SL would be moved to TP1 line after price is just over a few pips. Pls let me precise that I do not apply take-profit.
I am trying to reduce my risk by cutting half of my position when reaching TP1, this way I can't lose money. But the better option would be to have the stop-loss placed as Breakeven. In this case if the market shoots up, I can keep 100% of my position.
I hope my suggestion is understood and some may find it interesting. If Position Sizer can add as comment a suffix TP1, TP2, etc... I can use this script to sort positions using comments. And if the script calculates the number of pips automatically from entry to stop loss, it could move the stop-loss as proposed.
Many thanks for your good work!
Not sure why you need different comments for your two trades if you want the SL moved to breakeven for both? You can do that either with this script (but you have to run it manually) or you can do the same with Position Sizer (automatically).
Pls let me try to be clearer, I only want to move the stop-loss of the first of the two trade and I only enter by draging stop-loss manually. So for the first trade, as soon as the price is few pips higher than XX points (XX being equal to distance in point from original stop-loss to price of entry line), I want to move stop-loss to Breakeven at XX points. The second trade I keep stop-loss untouched. If price goes down and touch stop loss of first trade at XX points, I pocket XX profit. Then my second trade is covered, I can't lose anymore. I think it is a good way for psychology, as intraday trader after a few seconds I know that my trader can't lose. So that's why there is idea to add TP1 and TP2 in comment.
Hi, New to Position Sizer have it pretty much sorted except I can't see where the Auto/TP is in the inputs. I take it this is what I need to auto move the stop loss to B/E once the TP1 has been hit?