Forex Profit Defender is now available in a new version. It has been updated to version 1.2. The new version has two additional parameters; InitialStopLoss and InitialTakeProfit. Detailed information about these two parameters can be found below:
- InitialStopLoss - The stop loss value in pips. The Forex Profit Defender will determine the initial Stop Loss value for each trade. This feature is disabled by default because InitialStopLoss is set to 0.
- InitialTakeProfit - Value expressed in pips. For trades managed by Forex Profit Defender, the initial take profit value will be set. If InitialTakeProfit is set to 0, the feature will be disabled by default.
Both parameters need to be set to a positive value in order to be activated. SL and TP parameters are included to allow the EA to set stops and targets before Trailing Stops are applied. It's always a good idea to secure trades before Trailing Stops are triggered.
MyFxBots Admin
[Last Modified On Wed, 14 Dec 2022]Talk about Forex Profit Defender
Information, charts or examples contained in this blog post are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.
Tags
Forex Combo System WallStreet Forex Robot 3.0 Domination Omega Trend Broker Arbitrage FX-Builder Forex Diamond Volatility Factor Pro GPS Forex Robot Tick Data Suite Vortex Trader PRO Forex Trend Detector Swing Trader PRO RayBOT Forex Gold Investor FXCharger Best Free Scalper Pro Gold Scalper PRO News Scope EA PRO Smart Scalper PRO FX Scalper Evening Scalper PRO Waka Waka Golden Pickaxe Perceptrader AI Happy Bitcoin Algocrat AI Traders Academy Club Quant Analyzer AlgoWizard Quant Data Manager FXAutomater InstaForex RoboForex IronFX Tickmill FXVM Alpari FX Choice TradingFX VPS Commercial Network Services QHoster GrandCapital IC Markets FBS FX Secret Club StrategyQuant X Happy Forex LeapFX Trading Academy ForexTime Magnetic Exchange XM BlackBull Markets ForexSignals.com Libertex AMarkets HFM Broker FxPro Binance ACY Securities IV Markets MTeletool Forex Store Valery Trading Telegram Signal Copier EGPForex
Risk
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.