The trailing stop EA will now only work for the positions of the currency pair it is attached to. Thanks to mikeyh for reporting this. Update Fixed OrderModify function call to avoid modification of order expiration parameter. Also, removed arrow color for order modification to reduce the chart noise.

If you have some questions, suggestions or bug reports regarding the presented trailing stop code, please feel free to share them using the form below. Tags: expert advisors , MT4 , stop-loss , trailing stop , tutorial. Andrei Reply: May 7th, at pm. This is exactly the same problem what I have too.. How to use this trailing stop…? Where can I place this code? Should it be in a single text file? Where do I have to place the file?

What filetype should it be? I am sure if it is a. Andrei Reply: July 21st, at am. This code should be inserted into. Andrei Reply: April 19th, at pm.

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Andrei Reply: May 3rd, at am. Thank you so much for this code. Andrei Reply: June 21st, at am. You can substitute 15 with some input parameter name to make it variable. But do not forget to declare the input parameter in the beginning of the EA. You can choose any name you want.

For example, MinTrailingProfit. I tried to use the way you instructed but the trailing stop is varied for less, is what I need it to be fixed as above exemplifiquei when 20 pips higher than expected it hangs on the stop 15 pips cso continue to rise it rises to 01 01 pip if he goes back to at least 15 pips or as rose was increased from 01 to 01 pip, is it possible? Thanks for the nice work around. I downloaded, edited and installed correctly. However, when I try to use the trailing stop indicator it did not show up in my chart.

It should expert advisor, not indicator. Rick Reply: December 14th, at pm. Thank you. This EA works great.

Download Link to This MT4 Trailing Stop Expert Advisor

My question, The stop does not exist until the position is at least at breakeven, is this correct? In any event, I really like your trailing stop EA. If you have a PayPal account I will send you five bucks as a token of my appreciation. You can add stop manually if you want it before the breakeven. Thanks, but your appreciation is enough for me :.

Just telling your friends about my site would be great. If I add a stop manually, will it go away when the trailing stop EA kicks in? I will tell my friends about your site. Hello, I can not make my trailing stop EA work, although I installed and lunched it correctly, there are no any errors in MT4 experts or journal. If you have any other suggestions, tell me please. Giorgi Reply: January 16th, at pm. And why are you interested?

Do you have any suggestions? Then what do you expect from this EA? Giorgi Reply: January 17th, at pm. I know how EA works, when I told you that I can not make it work, I was meaning that I can not make it work on opened positions…. Thank you for answers, I estimate your effort but I feel that you shall not be able to help me.. I applied your trailing stop ea.

I see its default setting is 5. Does that mean its set at 5 pips? Does the ea only kick in when the break even is reached?

And then if the trade turns down to 1. I want the ea to lock in any profit as soon as the trade moves up. The listed trailing stop EA comes to play only when the position has at least TrailingStop pips of profit. If you open a trade at 1. Hussain Reply: April 26th, at pm. MT4 gives quotes of 5 digits lets say in the example above trade at 1.

I have MT4 with minimum 20 points and i have noticed it counts the last digits as points meaning when the price goes up 1. So technically the trailing stop should move up by 5 points now that the profit is 25 points greater then the preset value of 20 so the take profit now should sit at 1. It uses standard pips as input parameters. If you want it to work with fractional 5-digit pips, just set the values divided by So, it should 2 instead of 20 in your example.

How to set the trailing stop in MT4 iPhone or any cell phone?

There are 4 stages available, and totally adjustable for each Trade based on the ID number of the trade. And that is a bit restrictive if you want to try other MT4 brokers for various reasons. Do they provide. Can you describe its algorithm in details? Like for example once x pips have been reached in favour, increasing the amount that the stop trails by, and subsequently once y pips have been reached in favour, decreasing the amount that the stop trails by back to the original amount.

Trailing Stops – Can they Increase Your Profits?

So, you basically need a varying trailing stop, right? By what rules should it vary? Can you offer an example? Essentially yes I am looking for a trailing stop that I can vary the trailing distance once a specified amount of points are reached, and also want it to trail point for point frequency of 1.

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I am specifically talking about Gold Futures GCM1 as the underlying instrument and I would like to achieve the following:. Once points of profit reached, loosen Trailing Stop to points meaning BreakEven if it is triggered. But then, when you have points of profit it will have to set back the SL back to BE. The same will happen with step 3. At step 4, your SL will jump up steeply. It is my intention to have a point TSL ultimately, but in smaller increments allowing me to break even at any given point until this point TSL is achieved.

How To Set a Trailing Stop on MT4?

Once the point TSL is triggered I want to maintain breakeven status the entire time as each subsequent increment of increasing the trailing distance is achieved, which is why I want to allow. I want to allow the profit to actually reach points BEFORE setting the 2nd TSL to points, rather than setting it to points once I have reached only points of profit, which would actually result in a point position loss if the TSL is triggered.

I hope this is clear, it may sound strange however was well thought through; essentially I want to be able to subsequently increase the trailing distance as certain profit levels are reached; can you please provide assistance with respect to script s or an EA for MT4. The nature of Gold Futures is different from that of Forex Currency pairs which is why initially the setup may sound untraditional.

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