Hi All,
I am in a process of defining a strategy for MT4 EA. The strategy is clear for entry but for exit, I am not quite sure on setting profit Targets & Stop Losses. This EA will mostly run on 15M & 30M Time Frame for all Major forex pairs like EU,GU,EJ,UC, etc.
I am planning to have 3 ATR as stop loss and some fixed pips profit depending on pairs and timeframes.
Guidance and suggestions are welcome. Any help will be greatly appreciated.
Regards,
Mehool.
I am in a process of defining a strategy for MT4 EA. The strategy is clear for entry but for exit, I am not quite sure on setting profit Targets & Stop Losses. This EA will mostly run on 15M & 30M Time Frame for all Major forex pairs like EU,GU,EJ,UC, etc.
I am planning to have 3 ATR as stop loss and some fixed pips profit depending on pairs and timeframes.
Guidance and suggestions are welcome. Any help will be greatly appreciated.
Regards,
Mehool.