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Stop Loss trailing classes library for MQ L5
Info
The Stop Loss trailing classes library for MQ L5 is a Library for MetaTrader 5 that 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.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
How to Install 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.
What this tool does
Universal class library for implementing various StopLoss trailing strategies in trading robots.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: AT R Based Stop Loss Manager - another powerful library for MetaTrader 5 traders.
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.
Also recommended: n Profit and Loss Positions - similar library with strong performance on MetaTrader 5.
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:
You may also like: Trading signals module based on Price Channel Stop indicator - excellent alternative for library users on MetaTrader 5.
⚠ 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.