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Trend following pending orders

Trend following pending orders detect a group of orders opened by chart buttons and automatically follows market price.
Once your STOP or LIMIT orders are activated Trend following pending orders immediately adds STOP LOSS and TAKE PROFITS.

Optionally you can add rule for closing all market orders when sum or price will reach your profit or loss.

You can also enable trailing stop loss and traling take profit to market orders.

It is a very handy tool in cases where you want to catch the perfect price in the trend.

TIP: Following feature could be also enabled on orders opened via classic MetaTrader window. You must only type your TradeComment into comment input.

How it works

  1. Simply place STOP or LIMIT order manually with predefined chart button or via MetaTrader window (but remember to type TradeComment into comment input).
  2. Trend following pending order will check all pending orders and slide with them following the market movements.
  3. Once STOP or LIMIT order turns into a BUY or SELL order, Trend following pending order automatically add stop loss and take profit (immediately after the price reaches pending order).

It is possible to use the system for Limit and Stop orders simultaneously. It is also possible that the system will automatically shut all BUY and SELL positions in the event of achievement of profit or loss that you define.

The system can be combined with other EA, since it is possible to use the filtering and controlling with comments (TradeComment input).


Parameters

  • TradeComment - default is empty - it will control all trades, otherwise use some words or chars for controlling only selected orders (order must be placed with the same comment or via chart buttons - see images)
  • StopDistance - distance offset for moving STOP orders (in points)
  • LimitDistance - distance offset for moving LIMIT orders (in points) 
  • StopLoss - stop loss in points 
  • TakeProfit - take profit in points 
  • Trailing_SL and Trailing_TP - set to true if you want to use trailing stop loss or trailing take profit 
  • CloseMarketProfit - profit amount for closing all opened orders, disabled value is 0 
  • CloseMarketLoss - loss amount for closing all opened orders, disabled value is 0 (it does not depend on whether you use minus or plus)


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Close All With Just One Click MT5:  https://www.mql5.com/en/market/product/110006 Close orders with just one click, quickly and neatly. Supported order types: Market order, limit order, stop order Note: This software is very fast, there is no warning every time you press the button, please use caution when using, or use it proficiently in a demo account first, I am not responsible for any loss caused by the software being activated. misactivated
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Roman Podpora
3.67 (3)
TPSpro Risk Manager is a unique professional risk management system for traders of any background and any capital. Allows you to avoid losses in trading and serious mistakes in transactions. TPSpro Risk Manager is essential for risk management and primarily for scalpers and day traders, but is successfully used by traders of any trading style. The panel has 3 columns, each of which contains useful information. The first column displays information about the account as of the beginning of the c
Price Action Toolkit
LEE SAMSON
4.67 (6)
Das Price Action Toolkit EA ist in erster Linie für Scalper konzipiert, kann aber in allen Zeitrahmen verwendet werden, um schnell in den Markt mit korrekt berechneter Losgröße auf der Grundlage Ihres Stop-Levels einzutreten. Es ermöglicht Ihnen den schnellen Einstieg in Trades (sofort oder bei Kerzenhochs und -tiefs mit Pending Orders) und dann Stops anpassen und Gewinne mitnehmen, wenn sich der Markt bewegt. Für eine vollständige Liste aller Funktionen, Einstellungen und Best-Practice-Strat
Trend line Trader Ultimate EA A "Professional Trading Panel" that every experienced and beginner manual trader needs it. "Trend Line Trader Ultimate EA" makes it easy to never miss an opportunity of a good point to open positions. Demo version doesn't work due to programmatic limitations. Please watch videos and images for more information. Key Features of Trend line Trader Ultimate EA: Fully graphical interface. Extremely precise and reliable. Risk Manager , Lot calculator , Trailing Stop
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Quick Monthly Report – One Click Report Displays the results of trading according to monthly periods in a pop-up window   Advantages With just one click  you can view a list of the entire history according to months Exports data to CSV files with custom separator Filter by Magic Numbers Filter by Symbols Filter by words, letter or phrase in the comment  Calculates the profits gained and the percentage of a Performance fee  Enables to calculate the traded Volume or Lots with cachback in USD   Par
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Tomas Hruby
5 (1)
Stufic is a result of the long way of development. It was created for use in the management of capital of trading groups. The main idea is to preserve capital through unexpected fluctuations of the markets. It is one of the system that can perform on 90% of currency pairs. It's a participant on World Cup Trading Championship 2016 with real 10K USD. Stufic was also between top five traders in real money contest organized by Fidelis Capital (November 2015, Gain +48%). Why should you have to choo
ShiftAlgo
Tomas Hruby
Welcome Trader This software is the most advanced piece of EA which I ever made. There was a basic concept how to manage existing trades when market conditions change rapidly and how to handle with new orders. It was the idea of my client but I create this piece of software for him and with multiple innovations and features for You as MQL member. This EA manage multiple groups with too many running trades. You can benefit from this hard work now. Description ShiftAlgo is trading software
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