Universal Trailing Stop - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resources
Expert Advisors can use one position in normal mode or multiple positions in HEDGE mode.
Tracking can be performed based on fractals, bar extremes, Parabolic MA and ATR indicators or a specified number of points. Orders can also be tracked based on profit percentage.
Example of parabola-based operations:
Examples of MA-based operations:
Expert Advisors can use one position in normal mode or multiple positions in HEDGE mode.
Attachment download
📎 cm_universal_trailing_stop_hedge.mq5 (19.37 KB)
Source: MQL5 #15848
Universal Trailing Stop - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Universal Trailing Stop - MetaTrader 5 Expert | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator 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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