StopLossMove - script for MetaTrader 4

Depending on whether the values of the UpDoun = true or = false, the script either drags the StopLoss closer to the market or pushes it away from the market holding the same Distance in points.

It thoroughly takes the place of trailing stop.

If a DC limits placing the Stops and Limits "for the market" (usually it is 10 points) you should

//+------------------------------- Detremine the limit of your DC -----+
 
// if(Distance<10) Dist=10;
 
// else 
 
Dist=Distance;
 
//+------------------------------------------------------------------+

delete the comment in the block and specify the necessary value of the Dist

//+------------------------------- Determine the limit of your DC -----+
 
if(Distance<10) Dist=10;
 
else 
 
Dist=Distance;
 
//+------------------------------------------------------------------+