MT4 & take profit

[mb325]

Does anyone know how to put a sell/buy stop on which has a set TP for half the position and lets the other half run?

Cheers

 

[Black Swan]

Does anyone know how to put a sell/buy stop on which has a set TP for half the position and lets the other half run?

Cheers

tbh bud you're on the wrong suite of forums for this question, try fx fisherman or forex tsd.

 

[mb325]

I thought one of the 200,000 members might know! But then i remembered only 20 people post...

 

[1Pipped]

Two ways to do it.

1) You put 2 orders in, one with the limit attached, and one without.
2) An EA could monitor a single position, and close half when it gets to your TP price.

 

[mb325]

Thanks, any idea where i might find such an EA?

 

[1Pipped]

Not off top of head sorry, it would be quite simple to write though.
Have 2 inputs, EntryPrice and TPLevel.
Loop through the open orders and look for an entry with the entry price of the order you want to monitor. When it finds it check current price against TPLevel and close half if the price is right.
Im sure someone must have written one somewhere, maybe try forextsd as Black Swan said.

 

[Black Swan]

Thanks, any idea where i might find such an EA?

bud, I cannot be ar5ed posting the links, 'google' and you will find...

 

[mb325]

I had actually googled before I posted the thread and couldn't find anything, most of it links you to the latest system/scam. Thanks anyway i'll try another forum.

 

[TAjammy]

yeh i was just thinking about this. 'cept its not really possible for me to divide my 1.0 order into 2 seperate 0.5 orders cos my orders go like 5.0 4.0 3.0 2.0 1.0, 0.05

 

[Black Swan]

I had actually googled before I posted the thread and couldn't find anything, most of it links you to the latest system/scam. Thanks anyway i'll try another forum.

The other forums I listed for you earlier, just dyor on a linked point Alpari are piloting their Autochartist programme, IMHO it could signal the tentative start of lots of forex firms (EVENTUALLY) giving away EAs... ...just got an e-mail from them:

Autochartist™ is a powerful chart pattern recognition tool that can help you identify the best time to open or close a position, and assists the decision making process of beginner and expert traders alike.

As part of our commitment to offering our clients a comprehensive range of trading tools, Demo clients can try Autochartist free for 14 days.

And if you open a Live Account, Autochartist will also be available to you as a plug-in for MetaTrader 4 or as a stand-alone application. It is a valuable aid for those wanting to identify trading opportunities and apply technical analysis to their trading strategy.

Autochartist is user-friendly, flexible and efficient
Autochartist scans the markets to identify chart pattern formations such as triangles, wedges, tops and bottoms, a task that usually requires constant monitoring.
Save valuable time - let Autochartist watch market movements and update you at intervals you choose.
Trade with confidence – findings are displayed in a simple format for easy identification of both emerging and completed patterns, helping you to capitalise on opportunities.
Personalise to your needs – tailor Autochartist by selecting pre-defined time frames and indicators to suit your trading style.

Watch free video tutorials and get regular updates - learn how to get the best results from Autochartist and develop your knowledge of chart pattern recognition.

Discover how Autochartist’s chart pattern recognition can help you get a better view of the market.