Simple Trade Management EA needed, no hanky panky

[jurne]

Hi respectable programmers,

 

I need help to code a simple trade management EA, a dynamic cut loss strategy.

Everytime a trade goes against me -20pips it will set the take profit to breakeven.

 

Everytime it moves against me by

-30pips it will set the take profit level to -10pips,

-40pips it will set the take profit level to -20pips,

-50pips it will set the take profit level to -30pips.

 

Or maybe an option whereby we can change the take profit level value.

Eg: Under the Variable column its " Trade -20" then we can choose to key in 0 for breakeven or 1 for +1 pip profit at the Value Column.

 

Sometimes i am away from my trading computer, i want to use this EA to cut my losses, not a hard stop but a more dynamic stoploss.

 

Whoever can help me, i will share my 15min trading strategy with him.

http://twitpic.com/3q78jt

[chrisbenjy]

A trailing take profit? What happens if price falls 1000 pips without retracing 20 pips?

[jurne]

If the trade goes above -50pips, the take profit is still -30pips. So if it drops 1000pips, i would either get a margin call or i wait for it to retrace back to -30pips or i would have to close it manually. Thanks.