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Libraries

StopLoss Calculation - library for MetaTrader 4

Peter Eskander
Views:
13482
Rating:
(15)
Published:
2016.04.06 17:13
Download as ZIP, How to download code from MetaEditor
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This library made to simplify calculating your Stop Loss for market execution orders.

This library enables you to put your Stop Loss in Points, or you can make ATR(true) to calculate your stop loss depending on ATR indicator; and you can change ATR Multiplier which is 3 by default.

Your Stop Loss is calculated depending on your position, if you are opening Buy position, use StpLoss(0) function with Parameter=0, or use StpLoss(1) function with Parameter=1 for Sell positions.

If you want to use this function for OrderModify(), you can put StopLoss= StpLoss(OrderType()).

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This library is made for experts that need to calculate StopLoss and TakeProfit without putting SL/TP points on the trade.