Profit Trailing
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 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.
Description & Settings
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.
