Stop Loss trailing classes library for MQ L5
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This library provides a collection of modular, reusable code. It is utilized by developers to organize common functions, allowing for the integration of complex logic across multiple Expert Advisors, indicators, or scripts without the need for code duplication.
How to Setup and Use Stop Loss trailing classes library for MQ L5
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
Description & Settings
Universal class library for implementing various StopLoss trailing strategies in trading robots. The library allows you to flexibly manage StopLoss of open positions by a fixed distance from the price, as well as by the values of popular indicators: Parabolic SAR, AMA, DEMA, FRAMA, MA, TEMA, VIDYA and arbitrary level.
The library provides a convenient way to add several types of different StopLoss trailing to your MQL5 Expert Advisor. Just plug in the required class, configure the parameters and call the Run() method in OnTick().
Header
Class Structure
Setting parameters:
SetSymbol(symbol)
- setting the trading symbol;
SetMagicNumber(magic)
- set magic number;
SetStopLossOffset(offset)
- setting the StopLoss offset from the price/indicator;
SetTrailingStart(start)
- setting the minimum profit for trailing activation;
SetTrailingStep(step)
- setting the step of StopLoss movement;
SetSpreadMultiplier(value)
- setting the spread multiplier for StopLevel;
SetActive(flag)
- enable/disable trailing.
For indicator classes - additional indicator parameters (periods, price types, methods, etc.).
Here is an example of how the Parabolic SAR trawl connected to the standard Expert Advisor \MQL5\Experts\Advisors\ExpertMACD.mq5 works:
More details on the topic of these trawls can be found in the articles
Trailings.mqh
is an easy way to add a trailing StopLoss to your MQL5 Expert Advisor. Connect the necessary class, configure the parameters and call *.Run() in OnTick.
If your EA has a cycle of enumerating its positions, you can call the Run() method of trailing with the ticket of the selected position:
In the common simple case, this would be so in the OnTick() handler:
