My forex trading blog. I'll be posting my analysis, strategies, and results throughout my trading sessions during the day.
Sunday, November 6, 2011
New trade management
After last Friday's session, I've decided I'm going to write a trade management EA to track my trades when I'm away or asleep. Currently the main structure I need out of it is simply to move my stops to appropriate places according to my trading plan and the pair that I'm trading. I looked into the Swiss Army EA that I've seen a couple times but I can't see the code for it (for obvious reasons) and the functionality it has isn't quite what I'm looking for. I'd like the ability to change my profit taking levels (or stop levels in the case of profitability) in an arithmetic progression of some kind. On top of that I'll probably need to add some type of management system for when I open multiple positions on a single entry, although that could always be further down the road as my general management strategy should suffice for the time being. If I can't manage to get to sleep in the next couple of hours, I'll probably begin working on it, but if not I'll probably just start working on it tomorrow afternoon and evening. Shouldn't be too difficult to write and when I finish I might upload it somewhere and link it from here in case anyone else is interested in the tool.
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