1. ## Managing an open trade

hello funyoo,
is it possible to make ea with similar management properties as
those of atm strategies of ninja trader software??
for example i'm describing some of them..
st,tp and step trailing with three different targets and possibility to follow price action x pips on every step..
regards

2. ## managing an open trade

and don't tell me about swissarmy ea, cave manager ea, maurotrailing ea
because they do not manage a position like this..
regards

4. this means that after xxx-pips the stop loss will move according to price action..for eg..2pips behind price
please see atm strategies of ninjatrader software.. they describe it better than i will do..
Qty
Sets the quanity for the stop loss and profit target orders

Stop Loss
Sets the value that determines the stop loss price. If the value is set to 4 (ticks) and your average entry for the initiating order is 1000 and you are long, your stop loss would be submitted at AvgEntry - Stop Loss = 1000 - 4 ticks = stop price of 999. This assumes each tick is valued at 0.25.

Profit Target
Sets the value that determines the profit target price. If the value is set to 4 (ticks) and your average entry for initiating the order is 1000 and you are long, your profit target would be submitted at AvgEntry + Profit Target = 1000 + 4 ticks = 1001 profit target. This assumes that each tick is valued at 0.25.

Stop Strategy
Sets the stop strategy
Auto Trail Parameters

Stop Loss
Sets the value of the stop loss order as an offset

Frequency
Sets the value of how frequent the stop loss order is adjusted

Profit Trigger
Sets the amount of profit required to trigger the initial stop loss adjustment for the step

also

5. the best i think is the auto trail parameters as follows
Auto Trail Parameters in three different steps:
Stop Loss
Sets the value of the stop loss order as an offset
Frequency
Sets the value of how frequent the stop loss order is adjusted
Profit Trigger
Sets the amount of profit required to trigger the initial stop loss adjustment for the step

is this possible with an mt4 ea????????????????
also autobreakeven=Auto Breakeven Parameters

Profit trigger
Sets the amount of profit required to move the stop loss to a breakeven value

Plus
Sets the amount added to the breakeven value

6. Trailing stops works well only if price action is trending smoothly in a direction
with least volatility. However, we know that it's not the case in forex (maybe for certain stocks).

Not sure if this approach can be programmed into a exit managment EA?
Use higher timeframe say, 1hr attached S&R as the main stops levels and lower timeframe say, 15mins S&R levels to trigger/decide when to move the stops.