Join our fan page
- Views:
- 8096
- Rating:
- Published:
- 2017.03.02 09:54
-
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
This is a simple Expert Advisor with an implemented trailing stop.
It has only two parameters:
TrailingStop — the distance between the price and the Stop Loss level.
TrailingStep — protection against to frequent modification of position.
How TrailingStop works — the example of the Buy position:
Originally the StopLoss of a position is equal to zero, we wait for the following condition to be met
— i.e. when the Bid minus TrailingStop is greater than the position open price PriceOpen:
StopLoss is moved to the PriceOpen level (position open price):
now, when the position has StopLoss (i.e. when StopLoss is not equal to zero), wait for the following condition to be met:
— i.e. when the Bid minus TrailingStop minus TrailingStep is greater than the StopLoss price: So here we need to additionally check TrailingStep — this prevent position modification on every tick:
StopLoss is then moved to Bid minus TrailingStop:
Here is why we need a protection in the form of TrailingStep:
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/17263
![Reconstruction of positions](https://c.mql5.com/i/code/script.png)
An example of working with the trading history on Hedge accounts — reconstruction of positions.
![BIG DOG](https://c.mql5.com/i/code/expert.png)
The EA places pending stop orders BUY_STOP and SELL_STOP.
![AIS1](https://c.mql5.com/i/code/expert.png)
The EA works based on the analysis of Open, High and Low.
![NRTR GATOR](https://c.mql5.com/i/code/indicator.png)
Derived from the NRTR indicator, provided with a new visual display.