Submitted by Edward Revy on January 21, 2011 – 13:12.
Ive decided to gather the resources about Trailing Stop EAs available today.
Most of indicators and EAs is a courtesy – one of the most advanced forums about Forex trading, where you can find almost anything!
But even then, its sometimes difficult to find indicators/EAs you need quickly.
So, Ive decided to make a series of pages with indicators and Expert Advisors (EAs) that, in my opinion, are the most useful.
All EAs should be copied into the /Experts folder.
To use automatic trailing stop for all positions that are open or will be opened in the future.
This indicator applies to 1 chart at the time. If yo need to work with 2 or more charts, dont forget to put this EA there as well.
AllPositions – use trailing stop for all opened positions
ProfitTrailing – trailing stop is activated as soon as the trade starts making profits, and used to protect profits. If false – trailing stop will be activated as soon as a new position is opened.
TrailingStop – fixed size of the trailing stop
Allows managing trades using a large variety of methods: break even stops, trailing stops, setting/removing take profits and stop losses and variety of close-out conditions.
The EA will print to the screen what it is allowed to do, so that should help you along in figuring out what it is doing.
This is the EA youll need to spend some time with to learn how to use it.
First time user guidelines:SwissArmyEA_intro.pdf
Tight_Trailing_Stops(manual).mq4- expert advisor
To help set absolutely tight stop loss orders/trailing stops, which are not always allowed by Forex brokers.
– TrailingAct is the activation point (set in X amount of pips), where the trailing stop starts to trail.
(For example, to activate a trailing stop when the trade is 10 pips in profit, set TrailingAct to 10).
– TrailingStep – the step/amount youd like to trail by.
Set Stops Loss to breakeven once X amount profit (pips) is achieved.
BreakEven – value in pips after which the SL will be set to breakeven.
Modify trailing stop loss on all profiting open trades on the current account & attached charts.
Close all trades and take specified profit when entire account is in profit.
TrailAllSymbols – true – will trail all the symbols/pairs, not just the one its been attached to.
CloseWhenProfit – set this parameter to start trailing the Sum of all profits gained for all open trades. When it reaches the value youve set, all trades will be closed.
TrailOnlyInProfit – true – will trail only those trades that are in profit. False – will trail all the trades.
EMAShift – that is not MA shifted, but the bar of EMA that is used as a trailing stop. If you set set it to 0, it will, do it on every EMA bar tick.
With magicNumber.from and magicNumber.to you regulate which magic numbers should it trail (magic number 0 are usually only manual trades, so if you include 0 it will monitor and trail manual trades along with chosen magic numbers)
Allows partial closing of positions when each target is reached.
Unlike a regular fixed trailing stop, which is sensitive to price pullbacks, the proportional trailing stop allows to set % ratio of pips being protected by a trailing stop depending on how well the trend moves. You set the % ratio, and the EA keeps moving the stop loss to X% of the distance between the current price and the order.
ProportionalSL = CurrentPrice – OrderOpenPrice x Ratio – Spread
I am using TrailingStop.mq4 – expert advisor as listed above. The question is Does this EA automatically create stop loss and trailing spot price or it just modify stop loss than has been manually created.
Yes I wanted to know the same thing.. are these EA could be used with other EA on the same chart?…..
I registered withUWCFXand install their MT4 Platform. However, I am not able to fully utilize it.
You download the .mq4 files (which could be EAs or indicators) for free.
You install them on the MT4 platform, which you download for free from the MT4 broker.
The list of brokers who offer MT4 platform is here:MT4 Forex brokers
You need to register a demo account with a broker to test their MT4 platform for free.
am new to forex and am trying to download this EA…just dont have the program to download .mq4 files
do you know a site where i can get ome?? are they free?
Are any of these a continuous trailing stop? Meaning the trailing stop automatically shifts as profit increases?
I have downloaded the indicators. I tried to attach it to a chart, the dialogue box for the setting is not coming up. How do I go about attaching it to the chart.
do you have a manual or pdf for 7. TrailingWithPartialClose.mq4 – expert advisor, theres a lot of information on the script and cant get it wright…
Which ea can make 2 position that have magic same magic number to have same trailing stop,
how to set the trailing when this 2 position profit $10 it will start trailing for both position with same s/l
Hi edward, id like to create EA from my indicator that i regularly use, the problem is i dont know how to convert my indicator to EA, could you help me out? i tried EA builder for mt4, but i dont know what to choose on variables? it only has this on, extperiodfastma, extmodefastma, extperiodslowma, extmodeslowma, extpricefastma, extpriceslowma. and i dont know buy strategy and sell strategy? thanks
i have installed e-Trailing.mq4 – EA (trailing stop 15 and trailing step 2) and i dont understand how it should work on my mt4. first before making any orders i put EA on my chart and then lets say i bought eur/usd at the price 1.3100 so the trailing stop should be activated then the price reaches at least 1.3116 if this is true so why it didnt work for me ? please explain. or perhaps this EA works only with a pending order ?
this is not working on my instaforex platform, when i click on e-trailing, it will not show anything i need help on how to use this correctly
Any idea why the partial close does not work after the first take profit is reached. It is set to 1 so I assume it should work?
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