Hi Apprentice
Is it possible to modify this strategy slightly to add the following features in the trading parameters?
* Being able to set stop loss by price rather than pips as the stop loss price can vary depending on entry price
* Being able to set stop loss by percentage of trading account balance
* Being able to set profit target by price
* Being able to set profit target by percentage of trading account balance. I always risk 1% so if I can set my profit target by percent it makes it easy to enter 2:1 or 3:1 trades
* Being able to set the trading amount by percentage calculated between the stop loss price and the entry, example. If you set your stop 50 pips away, how many lots is that if you only wish to risk 1%
In my trading plan I risk 1% on each trade, no matter how far back my stop loss is placed.
Thanks