I need to make alternative take profit system
I don't use stop loss but my main focus is how to maximize profit without losing my minimum target profit.
This is how i need it to work
1 - set take profit price "A"
2 - set points of extra profit "A+ number of points"
3 - when the take profit "A" is reached the position will not be closed but to make more profits in the profit direction
4 - when the extra profit points is reached the first take profit "A" will be null and activate the new take profit "B" to be activated as new take profit "A+extra points "
5 - and do the same every time the price exceed the specific points
6 - if the price didn't reach the specific points and it close at the latest extended take profit price
A new buy XAUUSD at 1775.00 and target profit 1776.00 and extra points is 1.00
The market moved to 1776
the position will not be closed , 1776 become the new take profit point and 1777 will be the extended profit target
When 1777 is reached it become the new take profit and 1778 the new extended profit price
The price didn't reach 1778, and is going down, then the position to be closed at 1777