Multi-purpose trade manager expert
This is not an indicator, but expert advisor, and it supervises open trades and offers these facilities for: selected individual trades; groups of trades linked by a common magic number or comment; or all trades
● Moves the stop loss at appropriate intervals – to breakeven, jumping stop, trailing
stop. Offers the option to hide the stop from the broker; likewise the take profit.
● Close all open trades when the upl reaches a set target; this can include pending
● Part-closure (50%) when the price reaches a set target.
● Hedge-trade opening for trades that are going bad.
● Equity protection: close all open trades when upl hits a specified level.
There are many options for it, the full description is inside archive – a PDF file.
Completely must-have expert advisor.
Indicator home: http://www.forexfactory.com/showthread.php?t=89371
Author: Steve Hopwood