INITIAL TRADE MANAGEMENT


EA parameters 02

Initial: Take Profit

Target profit value in pips for a new intial trade. The trade's TP is set to this Take Profit value on the broker server side.

When topup trades are entered this take profit is no longer used. Instead, a single exit price is calculated for all the basket of trades on the same market to achieve the target dollar amount or pips profit.

Refer to the examples for more details.

  1. Example - Entry with TP Only
  2. Example - Entry with TP and Hidden TP
  3. Example - FIFO Trading

Initial: Hidden TP

An alternative Take Profit value, in pips, which is not visible to the broker server and tracked by the EA. This hidden TP must be smaller than the Initial: Take Profit.

When only the initial trade is open (i.e. no topup trades yet) and the initial trade reaches this hidden TP profit then the EA closes off the initial trade.

When topup trades are entered this hidden TP is no longer used.

Refer to the examples for more details.

  1. Example - Entry with TP Only
  2. Example - Entry with TP and Hidden TP
  3. Example - FIFO Trading