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Trailing Stoploss EA

50 USD

Demo downloaded: 5

Published: 30 October 2022

Current version: 1.0

Trailing Stoploss EA

Utilities
Mehrab Ahmed Saurav
Version: 1.0
Activations: 5

This expert advisor will help updating your stoploss when your trades are in profit. It will work on all open trades for the symbol it is attached with. It takes 2 input.

Recommended Settings:

For eur/usd,gbp/usd/usoil etc

1. Stop Loss Points: 50

2. Stop Loss Trigger Points: 100

For eur/usd,gbp/usd/usoil etc

1. Stop Loss Points: 500 means 0.5 usd or 5 pips

2. Stop Loss Trigger Points: 1000 means 1 usd / 10 pips

1. Stop Loss Points

It is stop loss point, distance from current price to set stop loss. For currency pairs like eur/usd, gbp/usd, usd/jpy and usoil etc, 100 points stop loss means 10 pips, thus 1 usd for 0.01 lot. For xau/usd, 1000 points means 10 pips , thus 1 usd for 0.01 lot. So when you see 1.5 usd profit for 0.01 lot trade, it will update your stop loss to 100 points/10pips behind current price.

2. Stop Loss Trigger Points

It is stop loss point, distance from current price to set stop loss. For currency pairs like eur/usd, gbp/usd, usd/jpy and usoil etc, 100 points stop loss means 10 pips, thus 1 usd for 0.01

lot. For xau/usd, 1000 points means 10 pips , thus 1 usd for 0.01 lot. So when you see 1 usd profit for 0.01 lot trade, it will start updating your stop loss to 100 points/10pips behind

current price.

So when you have this ea set, just open a trade anywhere and let it handle your stop loss for the highest profit. Play around with the ea yourself and you guys will understand.

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