Hey fellow traders! If you're looking to streamline your trading process, I've got a handy tool for you. This easy-to-use EA (Expert Advisor) is designed to automatically close your positions based on whether you're in profit or at a loss.
Here’s how to set it up:
- TPforSymbol: This setting allows you to specify a profit target. When your profit reaches this amount, the EA will close all positions for the symbol on your chart. Just keep in mind that swaps and commissions may eat into your profits, so factor that in!
- SLforSymbol: Set your stop-loss (SL) amount here. This tells the EA when to close all positions if you're facing a loss. Remember, swaps and commissions can increase your losses, so it’s crucial to set this wisely. Note that SLforSymbol should always be zero or below.
Using this EA can help you take the emotion out of trading. You make the rules, and let the system do the work for you!
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