Trailing stop addition

MQL4 Esperti

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Tempo di esecuzione 23 ore
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Specifiche

Objective:
Disabling of Take Profit (TP) and Stop Loss (SL) when set to "0"
Add feature of trailing stop loss = T
Add incremental adjustment of trailing stop loss = U

The feature of trailing stop loss "T" represents how far away the initial stop loss price is set.

The "incremental adjustment of trailing stop loss" means as the current price of a currency moves in favor of the curreny price then the stop loss
adjusts to that amount.

For example, the eurusd current price is 1.0000, T=10 and and U=1.
Eurusd price changes from 1.0000 to 1.0001.
The results are as follows

The initial trailing stop loss is set @ .9990
The trailing stop loss changed from .9990 to .9991 since the Eurusd moved by 1 pip.
This example example was a "buy" order, this would would apply the same if it were a "sell" order.

If T=20, then the initial trailing sotp loss would be set to .99980 (1.0020 if it were a sell order).
If U=10, then trailing stop loss would adjust by 10 (as the instrinsic gain increases).

This is to be applied to the following:

- Montiero_ea_1 | 031518 Request
- Montiero_ea_4_1_2 & Montiero_ea_5_1_2 | New Modification Request 010418

- Montiero_ea_3 | New Modification request


All the other parameters (ie: base, rounds, etc.) will remain.


Please let me know if any additional clarity is needed.

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