I need an indicator or EA that automatically set take profit level and close the trades while I open them manually . I need one for mt5 . I want it for scalping purposes and when I open multiply orders (trades .)
An indicator won't be able to set a TP on a trade for you, so you need either an Expert Advisor (if you need a fully automatic solution) or a script (in this case, you would still have to launch it manually for it to work).
Can you optimize this indicator where you add stop loss and take profit levels using a ATR method ? The take profit and stop loss would be calculated on the first dot plus could have features to select which dot we want to use .
Eg. 1st , 2nd or 3rd .
The green dot buy signal
The red dot sell signal .
3 levels of stop loss and 5 levels of take profit.
The values of the stop loss and take profit levels should be able to be adjusted in properties once added to chart . Have features on show and hide take profit and stop loss levels .
Eg. Stop loss 1 = show : true /False
Have option to adjust the risk to reward ratio. Where take profit 1 value can be adjusted
An indicator won't be able to set a TP on a trade for you, so you need either an Expert Advisor (if you need a fully automatic solution) or a script (in this case, you would still have to launch it manually for it to work).
An indicator won't be able to set a TP on a trade for you, so you need either an Expert Advisor (if you need a fully automatic solution) or a script (in this case, you would still have to launch it manually for it to work).
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