Hello everyone. I am amazed at the community here and hope to eventually be able to post more as I learn. (read lose money in Demo). I am using an MA cross (Bago-Sidus) and have limited my trades to 10 pips as I am not infront of the computer all day. I am using the 4Hr and 1Hr, when I can.
I am fairly new to MT4 and have a question about trailing stops. If you have a hard stop on an order say of 35 pips, and then you apply a trailing stop, will it trump the stop placed on the order. I have tried testing but seem to get stopped out or the limits are not hit. Is it possible to get an EA that can remove a stop and apply a trailing stop when a certin number of pips is showing as profit? Is this possible in MT4 or do you have to script it outside of the app?
Any ideas would be helpful.
Thank you,
Labrat407
I am fairly new to MT4 and have a question about trailing stops. If you have a hard stop on an order say of 35 pips, and then you apply a trailing stop, will it trump the stop placed on the order. I have tried testing but seem to get stopped out or the limits are not hit. Is it possible to get an EA that can remove a stop and apply a trailing stop when a certin number of pips is showing as profit? Is this possible in MT4 or do you have to script it outside of the app?
Any ideas would be helpful.
Thank you,
Labrat407