Trailing stop, trailing step and stop loss EA.

MQL4 Experts

Job finished

Execution time 2 days
Feedback from customer
Another project completed by Amine - on time and budget. I am one happy camper. :)
Feedback from employee
It's nice to work with you .. Hope you make huge profit .. Thanks!

Specification

The EA will work like this:
I will enter a two-way trade manually (a hedge).
The EA will detect which trades are open, in this example a BUY and a SELL trade is open. A trailing stop with a trailing step will be applied to both trades.

Whichever trade is closed first a second trade is opened in the direction of our profitable trade with different trailing stop and trailing step parameters.


Parameters:

TrailingStop1 = 5.0; //This is for our hedged trades. Both BUY and SELL.
TrailingStep1 = 0.1; //This is for our hedged trades. Both BUY and SELL.
StopLoss1 = 2.0; //This is for our hedged trades. Both BUY and SELL.
TrailingStop2 = 5.0; //This is for our second profitable trade after our losing trade is closed.
TrailingStep2 = 0.1; //This is for our second profitable trade after our losing trade is closed.


Example: So after I have entered both a BUY and a SELL trade the EA will begin after I enable Auto-trading button, the instrument we are trading spikes up and triggers the SELL stop-loss (closing the SELL trade) and simutainously removes the BUY stop-loss. A second BUY trade is entered with the second set of parameters listed above.

In this example, after our losing trade (a SELL trade) is closed using a slop-loss, then all stop-losses are removed and we trade only on trailing stops and trailing steps.

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Project information

Budget
30 USD
For the developer
27 - 27 USD
Deadline
99 day(s)