profit trailing
Info
The profit trailing is a Expert Advisor for MetaTrader 4 that profittrailing is to realize virtual profit trailing. parameters:minlots: the min lots unit for calculation,usually is 0.
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 profit 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
profittrailing is to realize virtual profit trailing.
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 Trailing Stop Manager: Automatic Stop Loss for MT4 - another powerful expert for MetaTrader 4 traders.
Also recommended: e-trailing2: enhanced trailing stop expert advisor - similar expert with strong performance on MetaTrader 4.
profittrailing is to realize virtual profit trailing.
parameters:
minlots: the min lots unit for calculation,usually is 0.01;
minlotsprofittrailingsl: profit trailing stoploss per minlots, default is 2.2, for example,when the order lots is 0.01,current profit is 3, the orders virtual profit stoploss is 0.8(3 - 2.2), when the lots is 0.02, current profit is 10, the orders virtual profit stoploss is 5.6(10-(0.02/0.01)*2.2);
minlotsprofittp: profit take per minlots, when profit is great than minlotsprofittp,close the order immediately;
slippage: slippage when close order.
this ea is suitable for any charts,it check all orders profit every 2 second with ontimer(),and record the data in arrays.
advantage:
maximize profit with low risk,just like trailing stop;
hide the trailing stop/stop loss/take profit positions,for some brokers may increase spread(ask - bid) factitiously.
note:
this ea is created days ago and still under real account testing, any bugs or ideas,please kindly tell me.
You may also like: close positions by percentage profit or loss - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#define maxorderscnt 100
#define ticket_invalid -860228
#define order_type_invalid -1
#define profit_sl_invalid -140523
#define profit_tp_invalid 140523
extern double minlots = 0.01;.......
⚠ 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.