classic and virtual trailing
Info
The classic and virtual trailing is a Expert Advisor for MetaTrader 4 that classic trailing => use stop loss to trail and it does reflect in your broker servervirtual trailing => does not trail using stop loss and it does not reflect in your broker server. trailing gap = a gap from bid/ask pricetrailing start = distance from order entry price (order open price) to start trailing.
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 classic and virtual trailing
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
classic trailing => use stop loss to trail and it does reflect in your broker servervirtual trailing => does not trail using stop loss and it does not reflect in your broker server.
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: virtual trailing stop - another powerful expert for MetaTrader 4 traders.
classic trailing => use stop loss to trail and it does reflect in your broker servervirtual trailing => does not trail using stop loss and it does not reflect in your broker server.trailing gap = a gap from bid/ask pricetrailing start = distance from order entry price (order open price) to start trailingAlso recommended: virtual profit loss trail ea - similar expert with strong performance on MetaTrader 4.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property strict
extern string __TrailingManagement__ = "***Trailing Settings***";
enum TrailingType_enum {Virtual_Trailing, Classic_Trailing};
extern TrailingType_enum Trailing_Type = Virtual_Trailing;
extern int Trailing_Start = 30;
extern int Trailing_Gap = 30;
double gPips = Point;
int gStopLevel = MarketInfo(Symbol(), MODE_STOPLEVEL);.......
⚠ 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.