Delta ZigZag based trailing stop module - MetaTrader 5 library - MT4/MT5 resources
Based on the "Module Tracking Open Positions " Delta Zigzag " Indicator MQL5 Wizard .
The tracking module moves the stop loss of the opened position to the new level calculated by the indicator.
Figure 1 Working example of Delta ZigZag indicator
Attachment download
📎 trailingdeltazz.mqh (8.34 KB)
📎 deltazigzag.mq5 (10.69 KB)
Source: MQL5 #11624
Trailing stop loss module based on Delta ZigZag - MetaTrader 5 library usage and screening suggestions
The trailing stop loss module based on Delta ZigZag - MetaTrader 5 library is a resource related to foreign exchange indicators. 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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