Script to update stop loss based on % of take profit

Discussion in 'MetaTrader Scripts' started by Aaron Priest, Oct 28, 2019.

  1. Aaron Priest

    Aaron Priest Trader

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    Howdy!

    I'm looking for an EA or script that I can add to a chart with an active trade that will update the stop loss based on percent of take profit. For example, when it hits 25% of take profit, move the stop loss to 12.5%, when it hits 50% TP, move the SL to 25%, and so on.

    I have been searching in vain for such tool for MT4 or MT5. Most of the automated stop loss EAs and scripts are based on ADX, MACD, and other tools, but that's not what I'm looking for. Any suggestions?

    Thanks!
     

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