TrailingStop - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
Trailing Stop allows you to automatically protect your position profits. It adjusts itself based on the current market rate and the number of points you give it behind. A trailing stop is a great tool for conservative and long-term traders because it can easily create a protective "airbag" for the trade. There are two basic ways to set a trailing stop in the MetaTrader 4 platform - using the built-in tool and attaching a special EA that will apply a single trailing stop to all orders. But before describing these methods, I want to tell you how a proper trailing stop should work:
Attachment download
📎 trailingstop.mq4 (6.31 KB)
Source: MQL5 #13147
TrailingStop - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resource Usage and Screening Suggestions
TrailingStop - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 resources are MT4 EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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