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.
