Conditional Stop Loss 4
This is a utility designed to automatically set the stop loss levels of orders according to the specified condition.
Two price levels serve as the condition for setting stop loss:
- Trigger level - when this level is reached, an order is placed.
- The stop loss value of an order.
Input parameters
- Order type for execution - type of orders to be processed by the expert. It can either be BUY, SELL or auto-select.
- Trigger Level Points - level to place an order when reached. Specified in points from the total breakeven level. If set to 0, it is set automatically.
- Profit Level Points - the stop loss value of an order. Specified in points from the total breakeven level.
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