Profit and Loss Manager EA is to close the running or pending trades when reached to a specified profit or loss. EA works fully on virtual
mode i.e. no hard Stop Loss or Take profit set.
You can run the EA in any of the 3 modes:
1. Per Trade: In this mode, actions
are applied to all the trades separately. Rules are applied on a single trade separated, it’s profits/loss not combined with any other
trades.
2. Per Pair: In this mode, actions are
applied to the sum of the trades in a single currency pair.
3. Whole Account: In this mode,
actions are applied to the combined results of all the trades in all currency pair.
Refer
this link for more detailed explanation of EA Settings:
After you attached the EA to a chart it will show the following information on the chart:
We recommend using EA in demo account first to understand all the functionality.
EA Settings:
Conditions
- Run Mode: It tells the running mode of the EA
- Per Trade: In this mode, conditions applied to all the trades separately
- Per Pair: In this mode, conditions applied to the combination of trades per pair
- Whole Account: In this mode, conditions are applied to the combination of the all the trades
running. When Current Chart Only is enabled, it works only on the Current chart and ignores all other pairs - Current Chart Only: If true, EA applied only on the attached chart pair
- Combine Buy