Newbie looking for ea

[romper]

Hello everyone I am new here....

I was wondering if an ea can be used for a scenario where
you have several profit targets and a stop loss.


Buy at 1.2700
T1 1.2715
T2 1.2734
T3 1.2755

Stop Loss 1.2670

If I have each of these values can an EA be created to

- watch for the buy price and get in
- stop the trade out at the stop price
- reset the stop to t1 when the price reaches t2
- sell at T3

I dont know enough about EA's to know if this is something they can do.

[Ravique]

Yeah, this is possible. IT would be something like that in the EA:

1). OPening a position at 12700 ( example ) . BTW: How does the expert figures when to open positions, on what time ?
2). Setting Stop Loss at 12670.
3). If the price reaches T1 , then stop loss moves to 12700.
4). If the price reaches T2, then stop loss moves to 12715(T1)
if the price reaches T3, the position closes.
IS this right ?
I only have a couple of questions regarding this strategy,
How did you come up with the Targets? THey are like T1=15 pips, T2=19 pips, T3=40 pips. Why exactly like this ?
And one more thing to add: Your strategy has 4 outcomes:
1) The position closes at Stop Loss , profit = -30 pips.
2) THe position reaches T1, but the goes down , Profit = 0 pips
3) THe position reaches T2 but then goes down, Profit = 15pips
4) The position reaches T3, profit = 40 pips.
This means that in order for this EA to be succesfull it has to have a 75% winning ratio, and this pretty much depends on when you enter the position, so the first thing you have got to do , is to understand how will you enter the position, and second thing, you might have to think about using trailing stop somewhere between this targets.

[romper]

I receive signals that give a specific entry point, a stop loss point and three profit targets. The signals are quite good but the problem is you have to sit around and watch each position. The T1, T2, and T3 figures change with each signal.

I just need code to get in, out and move the stops.

[romper]

This is something for an expert, right? I don't think it's a script.