Example - Closure at Profit Amount

Example - Closure at Profit Amount

  • Goal: I want to cash in profits when $3 profit is reached by the basket of the open initial and topup trades.
  • How-to: Here is an example EA configuration how to achieve the above:
    1. Closure: Target Closure $ Amount = 3
    2. Closure: Target Profit Pips Closure = 0
  • Description: The EA enters the initial trade and one or more topup trades. When the combined profit of these open initial and topup trades becomes $3 or more then the EA closes off all these initial and topup trades. After the closure the EA enters a new initial trade as usual.