Auto TStop EA
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Auto TStop EA
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
AutoTStop EA does not work to open the orders, but only helps trader to use Trailing Stop.
Automatic Trailing Stop will work when the price has reached half of the value that you specify on Trailing Stop.
Copy and paste ping.wav sound (ping.zip) into MetaTrader 4/Sounds folder, so that every time an order is closed or take profit, EA will provide notification sound.
I trade using AutoTStop_EA in TF M5 with template AutoTS6-MMA-RVI60-CS.tpl (AutoTS6-MMA-RVI60-CS.zip) on pairs (EURUSD, USDCHF, AUDUSD, EURAUD, EURJPY, GBPJPY, GBPAUD, GBPCHF, GBPUSD, NZDUSD, USDCAD, USDJPY) with very satisfactory results.
Update 01 (2014-12-05)
:
1. Added some option on the Expert Property.2. Value CalcSTP().
3. Value system Trailing Stop.
Update 02 (2015-01-05):
1. Fixed some typos code.
Update 03 (2015-03-27):
1. Changed the calculation system for TP and SL.2. Simplified the code to improve the performance of the EA.
Update 04 (2015-06-16):
1. Correction of bugs on the overall program scripts.2. Added BEP on the Trailing Stop.
Update 05 (2015-07-03):
1. There is no change in the Expert Properties, still according update_4.2. Minor changes in the void StartAction() function, and the void TpSlTrlS() function.
