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Trailing Stoploss EA

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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