simple trailing stop
Info
The simple trailing stop is a Expert Advisor for MetaTrader 4 that this is a basic trailing stop expert advisor. it sets stop loss and take profit for all orders of the instrument it is installed on.
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 simple 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.
What this tool does
this is a basic trailing stop expert advisor.
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: e-trailing2: enhanced trailing stop expert advisor - another powerful expert for MetaTrader 4 traders.
this is a basic trailing stop expert advisor. it sets stop loss and take profit for all orders of the instrument it is installed on. the parameters include stop loss, take profit, trailing stop, and step trail. the trailing stop moves the stop loss to the order opening price when the order profit reaches the specified value and then trails it by the step trail value. for testing purposes, the expert advisor can open orders in the tester, but it will not open any orders on demo or real accounts.Also recommended: e-trailing: automated trailing stop for all positions - similar expert with strong performance on MetaTrader 4.
parameters include:
- stoploss: the stop loss value
- takeproflt: the desired profit
- trailingstop: the value at which the stop loss is moved to the order opening price and trailed by the step trail value
- steptrall: the step trail value
the expert advisor is designed for testing and understanding its functionality, and it will not open any orders on live accounts.
You may also like: simple trailing position management library - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
input int stoploss = 50; //стоплосс
input int takeproflt = 100; //желаемая прибыль).
input int trailingstop = 10; //как прибыль ордера достигает этого значения в пунктах, stop loss переносится на на цену открытия ордера и далее тралится по профиту.
input int steptrall = 10; //Шаг Трала.
int start()
{
double osl,otp,oop,stlo,sl,tp;
int tip;.......
⚠ 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.