This expert advisor will help updating your stoploss when your trades are in profit. It will work on all open trades for the symbol it is attached with. It takes 2 input.
Recommended Settings:
For eur/usd,gbp/usd/usoil etc
1. Stop Loss Points: 50
2. Stop Loss Trigger Points: 100
For eur/usd,gbp/usd/usoil etc1. Stop Loss Points: 500 means 0.5 usd or 5 pips
2. Stop Loss Trigger Points: 1000 means 1 usd / 10 pips
1. Stop Loss Points
It is stop loss point, distance from current price to set stop loss. For currency pairs like eur/usd, gbp/usd, usd/jpy and usoil etc, 100 points stop loss means 10 pips, thus 1 usd for 0.01 lot. For xau/usd, 1000 points means 10 pips , thus 1 usd for 0.01 lot. So when you see 1.5 usd profit for 0.01 lot trade, it will update your stop loss to 100 points/10pips behind current price.
2. Stop Loss Trigger Points
It is stop loss point, distance from current price to set stop loss. For currency pairs like eur/usd, gbp/usd, usd/jpy and usoil etc, 100 points stop loss means 10 pips, thus 1 usd for 0.01
lot. For xau/usd, 1000 points means 10 pips , thus 1 usd for 0.01 lot. So when you see 1 usd profit for 0.01 lot trade, it will start updating your stop loss to 100 points/10pips behind
current price.
So when you have this ea set, just open a trade anywhere and let it handle your stop loss for the highest profit. Play around with the ea yourself and you guys will understand.
