Profit Trailing Expert Advisor
Info
The Profit Trailing Expert Advisor is a Expert Advisor for MetaTrader 4 that profit trailing expert advisor this expert advisor (ea) implements virtual profit trailing to manage trades. Parameters: minlots: The minimum lot size for calculation.
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 Expert Advisor
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
Profit Trailing Expert Advisor This Expert Advisor (EA) implements virtual profit trailing to manage trades.
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.
Profit Trailing Expert Advisor This Expert Advisor (EA) implements virtual profit trailing to manage trades. Parameters: minlots: The minimum lot size for calculation. Typically 0.01. minlotsprofittrailingsl: The profit trailing stop loss amount per minimum lot. The default is 2.2. For example, if the order lot size is 0.01 and the current profit is 3, the virtual profit stop loss is 0.8 (3 - 2.2). If the lot size is 0.02 and the current profit is 10, the virtual profit stop loss is 5.6 (10 - (0.02 / 0.01) * 2.2). minlotsprofittp: The profit take level per minimum lot. If the profit exceeds this value, the order is closed immediately. slippage: The slippage allowed when closing an order. This EA is suitable for any chart. It checks the profit of all open orders every 2 seconds using the OnTimer() function and stores the data in arrays. Advantages: Maximize profit with low risk, similar to a trailing stop. Hides the trailing stop, stop loss, and take profit positions. This can be beneficial as some brokers may artificially increase the spread (ask - bid). Note: This EA was developed previously and is currently undergoing real account testing. Please report any bugs or share your ideas.Also recommended: Semi-HFT Grid Bot: Two-Sided Martingale Grid with Basket Take Profit - similar expert with strong performance on MetaTrader 4.
You may also like: Quantora Trailing Stop Manager: Automatic Stop Loss for MT4 - 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.