perfect trailing stop loss
Info
The perfect trailing stop loss is a Expert Advisor for MetaTrader 5 that copy these into any ea you are busy coding and you"ll have a trailing sl. the only things you'll need to change would probably be inpmagic for your magic number or you could just copy my code as is , remember to add corderinfo ord; and cpositioninfo pos;.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use perfect trailing stop loss
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
copy these into any ea you are busy coding and you"ll have a trailing sl.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Professional Automatic Trailing Stop Utility for MetaTrader 5 - another powerful expert for MetaTrader 5 traders.
Also recommended: Expert Advisor ATR Trailing Stop - similar expert with strong performance on MetaTrader 5.
copy these into any ea you are busy coding and you"ll have a trailing sl.the only things you'll need to change would probably be inpmagic for your magic number or you could just copy my code as is , remember to add corderinfo ord; and cpositioninfo pos;Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#include <Trade\Trade.mqh>
input double Lots = 0.2;
input double Setloss = 1500;
input double TakeProfit = 5000;
input int TslPoints = 1000; //Trailing Stop Loss (10 points = 1 pip)
input int TslTriggerPoints = 1500; //points in profit to activate Trailing Sl (10 points = 1 pip)
input int InpMagic = 123456; //Magic Number.......
⚠ 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.