auto tstop ea
Info
The auto tstop ea is a Expert Advisor for MetaTrader 4 that 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.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install 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.
What this tool does
autotstop ea does not work to open the orders, but only helps trader to use trailing stop.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Quantora Break Even Manager MT4 - Professional Automatic Break Even Utility - another powerful expert for MetaTrader 4 traders.
Also recommended: Quantora Trailing Stop Manager: Automatic Stop Loss for MT4 - similar expert with strong performance on MetaTrader 4.
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.
You may also like: e-news-lucky$ - automated news trading expert advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
input string autotstop = "copyright 2014 3rj ~ created by roy philips-jacobs";
extern bool fridaytrade = true; // if true, ea still trading at friday
extern bool usetrailingstop = true; // use trailing stop, true (yes) or false (not).......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.