This script show how to exit a trade after x pips from entry.
The entry conditions, in this example, are based on sma cross.
The Script code for download: PipsCount Exit
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CopyRight_Token_End
Buy_Token
CROSSOVER(SMA(CLOSE, 14), SMA(CLOSE, 34))
Buy_Token_End
Sell_Token
CROSSOVER(SMA(CLOSE, 34), SMA(CLOSE, 14))
Sell_Token_End
Buy_To_Cover_Token
SET PIPVAL = 0.0001
SET TARGETPIPS = 1
SET BUY_NOW = CROSSOVER(SMA(CLOSE, 14), SMA(CLOSE, 34))
SET ELAPSED_BARS = LASTIF(BUY_NOW)
SET BUY_PRICE = REF(CLOSE,ELAPSED_BARS)
CLOSE – BUY_PRICE > (PIPVAL * TARGETPIPS)
Buy_To_Cover_Token_End
Sell_To_Cover_Token
SET PIPVAL = 0.0001
SET TARGETPIPS = 1
SET SELL_NOW = CROSSOVER(SMA(CLOSE, 34), SMA(CLOSE, 14))
SET ELAPSED_BARS = LASTIF(SELL_NOW)
SET SELL_PRICE = REF(CLOSE,ELAPSED_BARS)
SELL_PRICE – CLOSE > (PIPVAL * TARGETPIPS)
Sell_To_Cover_Token_End
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