[feature] MetaTrader Price (P) Parameter for Modify and Close Commands

Updates & Releases
1

Update Summary
TradingView to Metatrader now offers a price filter parameter (P) to modify or close trades if the price is reached by a trade.
:globe_with_meridians: Platform MetaTrader
:arrow_heading_up: Version 4.004 :green_circle:

The Price Filter Parameter (P) allows users to automatically close or modify trades if a specific profit target is reached. Traders can set this parameter using:

  • Actual Price: Set a fixed price level like 1.2345
  • Points: Define profit in points like 100.
  • Percentage: Filter price target by percentage like 2.5%.

Example

Update Command
  • UPDATE EURUSD TP=200 P=2% - Updates the TP for EURUSD trades whose profit is equal to or more than 2% in profit.
  • MODIFY EURUSD SL=-0.5% P=200 - Updates the SL by 0.5% past your entry for all EURUSD trades that are 200 points in profit or more.
Close Command
  • close EURUSD P=2% - Closes all EURUSD trades that have moved a 2% or more in price from entry.
  • close EURUSD P=300 - Closes all EURUSD trades that have gained 300 points or more in profit.

Downloads: Metatrader 4 or Metatrader 5

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Enjoy!

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