Expert Advisor Template with Trailing Stop
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. 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 Expert Advisor Template with Trailing Stop
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
This is a template for Expert Advisor coders to decrease their coding time. It contains Trailing Stop, autolots (true or false) and function scanning previous candles to find the lowest and the highest order price in the past. Ready to use buy, buystop, sell, sellstop scripts.
There is a lot more innovations to make it work better like buy, sell block or max orders opened on current symbol. Magic number etc.
eatemplate v3.mq4 contains my comments to show you how every line in my code works;
eatemplateclean v3 doesn't contain my comments.
eateamplateworking v3 is simply ea, that shows template in action.
Hello!
I have updated my template! Now orders are set with magic number which prevents script from modifying your orders set manually. Now you can trade by hand and by script in same time without errors!!!
Also there is now BA ( stoploss moving to order opening price + spread to make order safe )
Now template contains buystop and sellstop orders with easy inputs modyfing order lifetime and distance from actual price in pips.
Added working template to show the way, my template works.
Second update!
I also added max spread limit. If spread is bigger than "maxspread" orders wont open.
