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Stop Loss
  #1 (permalink)  
Old 05-21-2009, 10:20 AM
Currency Trader
Join Date: May 2009
Posts: 1
GSFX is on a distinguished road
Hi all

I have a simple double MA EA that works fine for me, but I want to add an automatic stop-loss at time of order placement. I need a simple stop at entry, but which moves with price action until break-even is reached, then the stop becomes fixed. Does that make sense?

Does someone out there have a piece of code they are willing to share with me to achieve the above?
  #2 (permalink)  
Old 07-03-2010, 07:11 AM
Forex Warrior
Join Date: Jun 2010
Location: India
Posts: 241
pro_ is on a distinguished road
Stop loss help investors in controlling their risks and it is imperative to know at what time a stop loss need to be put. Extending the stop loss position is not a good idea as it can result in a bad situation for you.

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