Adjustable TP to counter spread

[Youri Nauta]

Hello!

I would like to make a suggestion.
I noticed that on some trades I make my signal provider manages to hit TP1 and I don’t (According to the signal provider this is because of the spread). After this it sometimes goes back to SL at the entry price and I make no profit. I now try to keep an eye on the trades, but to counter this and automate it better;I thought of a new option.

Can you make it possible to, for example, take TP1 TP2 etc. from a signal and then tell the EA to place the TP’s 5 pips below the provided TP?
(5 pips for example, it can defined by the user)

For example you get the following message:
BUY EUR/USD
Entry price 1.1942
TP1 : 1.1969
TP2 : 1.1999

Now let’s say I want 5 pips below to make sure I always hit the TP so the program puts in orders with:
TP1: 1.1969 – 5 = 1.1964
TP2: 1.1999 – 5 = 1.1994

Offcourse, depending on BUY or SELL signal, so with a buy place 5 pips below and with a sell signal place 5 pips above provided TP.

I hope I explained it correctly. If it’s not clear, please don’t hesitate to contact me.

[Veronika Momir]

Hi Youri,

You explained it nicely. You need the option to add or subtract pips from the signal’s TP. We can consider adding it in the next update of the EA. Thank you for the suggestion.

Telegram.Forex

[Author]

Posts