Profit

New Concept: Trailing Take Profit – EA MetaTrader 5

by
New Concept: Trailing Take Profit - expert for MetaTrader 5
On contrast with Trailing Stop which a stop loss trails price until the price hits the stop loss and the position gets closed in profit, introducing Trailing Take Profit which take profit trails price when a position is in loss and ultimately the position gets closed with a loss.  For example, If a position is … Read more

Take Profit based on your current profit – EA MetaTrader 4

by
Minimum Profit
Introduction Most EAs tend to close orders in take profit based on the distance in pips from the purchase price . However, the code used by EA NextBot is based mainly on the current profit . This approach allows you to easily manage the take profit with multiple open positions, monitoring the total current profit … Read more