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Step trailing stop

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Published: 1 September 2022

Current version: 1.4

Step trailing stop

Utilities
Evgenii Zhivogliadov
Version: 1.4
Updated: 12 December 2022

Step by step "Trailing Stop"

The utility allows you to set the step of moving the "Stop Loss" following the price when using the "Trailing Stop" tool.

Unlike the "regular" "Trailing Stop" available in the "MetaTrader" terminal, which allows you to set the "Stop Loss" movement in increments of 1 pip, this "Trailing Stop" is configured with any increment. This setting allows you to avoid closing positions during false trend reversals, when the price, after a long movement in one direction, reverses for a small correction, and then continues to move in the same direction again.

For the convenience of managing the work of the "Trailing Stop" tool with a variable "Stop Loss" movement step, the script that implements the tool's operation has been adapted to the existing trading panel "eInTradePane" by the developer Dmitry Fedoseev. The source code of the trading panel is freely available at https://www.mql5.com/en/code/220.

The description of the "eInTradePanel" trading panel with the "Trailing Stop" added to it is given on the "Discussion" tab.

more...

varo1n 2022.12.07 09:18 #

Автору спасибо. Утилита очень помогает, прилично сокращает время работы с ордерами. Использую для интрадей торговли. Пользуюсь стоп-лоссом и трейлинг стопом вместо тейк-профита, очень удобно.

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varo1n 2022.12.07 09:18 #

Version 1.4 2022.12.12

Removed the ability to enter negative values (less than zero) in the "Stop Loss" and "Take Profit" fields.

Version 1.3 2022.12.09

For the convenience of managing the operation of the "Trailing-Stop" tool with a variable "Stop-Loss" movement step, the script that implements the operation of the tool has been adapted to the existing third-party "eInTradePane" trading panel. The source code of the trading panel is freely available at https://www.mql5.com/en/code/220 . There is also a description of the interaction with the panel.
A more complete description, taking into account additions, I will publish on the utility page a little later.

Version 1.2 2022.12.06

Removed the parameter "Expert identification number", returned the ability to manage orders by the "regular" MetaTrader terminal. Own terminal is in the plans, but there is no time to develop it yet.

Version 1.1 2022.12.02

Added "Sell" and "Buy" buttons, as well as a field for entering the amount of investments (lot). Currently, the "Sell" and "Buy" buttons only open immediate execution orders. In the future I plan to expand the functionality.