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Need a simple Trailing Stop EA that locks a percentage of profit gain

MQL5 Uzman Danışmanlar Statistics and mathematics Forex Options

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Explanation:

I need a simple trailing stop EA that is activated when a predetermined or an entered profitAmount is reached. Once activated, it should move to cover/ lock /protect a percentage of the profit gained and then trail this percentage along each predetermined incremental amount.

For example;

If profitAmount entered = $20, %protected= 70%, IncrementalTrailingMove = $ 5 Then

TrailingProfit = $20 x 70% = $14 (ie. Profit locked). This percentage will then move for each $5 increment in profitAmount. Hence new profitAmount = $25; TrailingProfit= $25 x 70% = $17.5    etc.


Possible inputs, subject to change by the developer

 

 

INPUTS

 

 

ProfitAmount

 

……..

 

%Protected

 

………

 

IncrementalTrailingMove

 

………

 

Position size

 

………


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