qFollow EA - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
This EA implements Trailing Stop Buy and Trailing Stop Sell. It places orders above and below price. A stop-loss sell order will follow the price's decline, and a stop-loss sell order will follow the price's rise.
This expert advisor is used to manage breakthroughs. You can set a sell stop below the price, or a sell buy above the price, or both.
If the price falls below the trigger price, the sell stop order will be executed. If the price goes up, the trigger price goes up too.
If the price rises above the trigger price, the buy stop order will be executed. If the price falls, the trigger price will also fall.
The trigger price starts at a certain distance from the price, for example 50 pips.
The Expert Advisor is not a trading system per se, it is a tool that can be very profitable in certain situations.
Attachment download
📎 QFollow.mq4 (5.65 KB)
Source: MQL5 #10534
qFollow EA - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 resource usage and screening suggestions
This content can be used as a data entry for foreign exchange EA, indicators, trading systems or quantitative strategies. When reading, it is recommended to make a judgment based on the platform version, trading type, time period, risk control method and historical discussion background. Do not use it directly based on the title or a single point of view.
If the content involves MT4/MT5, ForexFactory, MQL source code, TradingView indicators or strategy discussions, you can give priority to the parameter logic, backtest environment, market stage, execution cost and failure conditions, and then decide whether to continue downloading, reviewing or secondary development.
Risk warning
For any EA, indicator or automatic trading strategy, it is recommended to first conduct historical backtesting, simulation account verification and small capital testing. Grid, Martin, high frequency, recovery and examination strategies especially require setting the account risk upper limit, single variety risk upper limit and manual deactivation conditions.
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