Basic Trailing Stop - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
Inovance Technology - https://www.inovancetech.com/
Add a trailing stop to your entry signal. Simply enter your entry criteria so that the long rule() function returns "1" when the long condition is met and the short rule() function returns "-1" when the short circuit condition is met. You can set the trailing stop distance in points as an external input.
The trailing stop will adjust on every price move.
suggestion:
Attachment download
📎basic_trailing_stop.mq4 (6 KB)
Source: MQL5 #13906
Basic Trailing Stop - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resource Usage and Screening Suggestions
Basic Trailing Stop - 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 on titles or short-term profit descriptions.
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