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Stoploss Follower

2

Stoploss Follower has the function of setting stop loss value on each order dynamically. When the price moves in profitable direction, the EA will calculate and set a new stop loss value that follows the price. But when the price moves in reverse, the stop loss value still remains at the position. So when the new price touches this stop loss value, the order is closed.

Trader can set the estimate of stop loss value with Stoploss input parameter. This parameter is in pips unit, i.e when a trader sets Stoploss=500 with lots=0.01, it means they set a stop loss at 500x0.01=$5.


Pairs and Timeframes

Due to the EA's ability to modify stop loss value, Stoploss Follower can be of use for any pairs and timeframes.


Parameters

  • NumTicket. Number of orders that can be sent by this EA.
  • StopLoss. The stop loss value to be set in pips unit.
  • MagicNumber. Magic number of orders.
  • DelayMinute. Interval time betwen orders.
  • Lots. Volume value used for every sent order.
  • ALLOWTRADE. Enable/disable automatic order sending feature.
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ATTENTION: Last days with the Black Friday price, take advantage and buy now, in March the price will go to 600 USD. One of the few robots with a signal history of more than 3 years, and among the top 10.     LINK TO MY ROBOTS AND SIGNAL PRESETS: In my profile there is a Google Drive link to download the PRESETS that I use in my SIGNALS, you can download and backtest for free, there are explanations in the README MANUAL. https://www.mql5.com/en/users/tec_daniel     SOME EXAMPLES OF SIGNALS ON “m
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Mohammad Oladi
3219
Mohammad Oladi 2018.12.01 15:36 
 

User didn't leave any comment to the rating

Matthew Todorovski
12939
Matthew Todorovski 2018.06.25 05:54 
 

1 Star (20%) = Bad

2 Stars (40%) = Undecided (still testing)

3 Stars (60%) = Okay

4 Stars (80%) = Good

5 Stars (100%) = Excellente!

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