The sum of the; Two Trades Lot Size 1 + Two Trades Lot Size 2 +Three Trades Lot Size 3 must always equal rsi bollinger bands ea 100%. – Three Trade Profit #3 (pips) : The distance in pips from your entry price where you want to take the third take profit.
Let’s assume you want to split your trade into three take-profit orders so you can take partial profits. As an example scenario you choose to take 30% of your entire position once the market moves 20 pips in your favor and another 30% of the position once the market moves another 40 pips in your favor and lastly the remaining 40% once the market moves 60 pips in your favor. In order to accomplish this, you need your settings to be similar to the ones that are set in two trade mode. If your initial position size is 100,000 (1 standard lot), then the first take profit will represent 30,000, the second take profit will represent 30,000 while the third take profit will represent 40,000.
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