e-Smart Tralling
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. 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 e-Smart Tralling
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
Description
This expert is designed to modify the StopLoss of orders.
The trading robot can be applied to any symbol window. It tracks all open positions and works 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 - 1 value to move the stop loss;
LevelProfit2 - when this level is reached, the stop loss is moved to LevelMoving2;
LevelMoving2 - 2 value to move the stop loss;
LevelProfit3 - when this level is reached, the stop loss is moved to LevelMoving3;
LevelMoving3 - 3 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 StopLoss order.
Advice
TrailingStop level should exceed LevelProfit3. Otherwise, the Expert Advisor will not work correctly.
Thank you for your time and Good Luck!
Best regards, mpeugep.
