VirtualProfitLossTrailEA - MetaTrader 4 Expert - MT4/MT5 Resources
This utility is a tool to manage the profit or loss level of each order without using Stop Loss or Take Profit.
This utility applies virtual levels to close profit and loss orders.
You can use the robot to manage orders opened manually or to manage orders opened by other EAs.
Update version 1.3 > Rewrote the entire code to improve it.
Updated version 1.4 > Added option to activate trailing stop after x points. Some bugs fixed.
Updated version 1.5 > Improvement Expert can manage 100 orders at the same time, each order has different levels.
Attachment download
📎 virtualprofitlosstrailea_v1.5.mq4 (40.26 KB)
Source: MQL5 #25543
VirtualProfitLossTrailEA - MetaTrader 4 expert usage and screening advice
VirtualProfitLossTrailEA - MetaTrader 4 Expert belongs to 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 only on titles or short-term profit descriptions.
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