cm SL NL TP
Advisor cm_SL NL TP
The expert Advisor places all orders the currency pair on which it is installed, stop loss take profit and translates them to breakeven
Characteristic
Stoploss – stop loss in points
Takeprofit-stop loss in points
NoLoss – profit at which the order is transferred to breakeven (stop loss is placed on its opening price + – MinProfitNoLoss), if 0, there is no transfer to breakeven. Measured in points.
MinProfitNoLoss – minimum profit when transferring to a loss
Example:
We have a buy order open at 1.3879 the current Bid price=1.3871 (loss 8P)
The parameters of the EA:
Stoploss = 0
Takeprofit = 75
NoLoss = 10
MinProfitNoLoss=1
Advisor does nothing until the price reaches 1.3890 (11 p profit) is composed of the parameters NoLoss + MinProfitNoLoss
As soon as the Bid price = 1.3890, the stop loss will rise to the price of 1.3880
Next, the order will be closed either at the price of 1.3880 (profit 1P) or at the price of 1.3954 (profit 75p)
