e-Smart Trailing
Info
The e-Smart Trailing is a Expert Advisor for MetaTrader 4 that this expert advisor is designed to modify the stop loss of orders. The trading robot can be applied to any symbol window, tracking all open positions and working with each of them.
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 e-Smart 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
This expert advisor is designed to modify the stop loss of orders.
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: MD Scalper EA: Trend/Reversal Scalping with Trailing Stop - another powerful expert for MetaTrader 4 traders.
This expert advisor is designed to modify the stop loss of orders.Also recommended: Quantora Trailing Stop Manager: Automatic Stop Loss for MT4 - similar expert with strong performance on MetaTrader 4.
The trading robot can be applied to any symbol window, tracking all open positions and working with each of them.
All the necessary information is displayed in the corner of the screen.
Settings:
- useoneaccount
- usecloseonethird - If true, one-third of the position is closed when levelprofit1 is reached.
- levelprofit1 - When this level is reached, the stop loss is moved to levelmoving1.
- levelmoving1 - Value to move the stop loss.
- levelprofit2 - When this level is reached, the stop loss is moved to levelmoving2.
- levelmoving2 - Value to move the stop loss.
- levelprofit3 - When this level is reached, the stop loss is moved to levelmoving3.
- levelmoving3 - Value to move the stop loss.
- trailingstop - The level to activate trailing.
- trailingstep - Trailing step.
- slippage
- showcomment - If true, the data is displayed on screen.
- usesound - If true, an audio signal is triggered when moving the stop loss order.
Advice:
- The trailingstop level should exceed levelprofit3; otherwise, the expert advisor may not function correctly.
Best regards.
You may also like: e-trailing2: enhanced trailing stop expert advisor - excellent alternative for expert users on MetaTrader 4.
Source Code
extern bool useoneaccount = true;
extern bool usecloseonethird = true;
extern int levelprofit1 = 20;
extern int levelmoving1 = 1;
extern int levelprofit2 = 35;
extern int levelmoving2 = 10;
extern int levelprofit3 = 55;
extern int levelmoving3 = 30;
extern int trailingstop = 30;
extern int trailingstep = 5;.......
⚠ 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.