LeManStop - MetaTrader 5 Script - MQL5 #1260 - MT4/MT5 Resources
Real author:
Determine the indicator for stop loss.
The indicator was first implemented in MQL4 and published in the code base of mql4.com on October 5, 2009.
Figure 1 LeManStop indicator
Attachment download
📎 lemanstop.mq5 (10.16 KB)
Source: MQL5 #1260
LeManStop - MetaTrader 5 Script - MQL5 #1260 Usage and Filtering Advice
LeManStop - MetaTrader 5 Script - MQL5 #1260 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 only on titles or short-term profit descriptions.
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