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2014.07.10 09:56
Experts

ProfitTrailing - expert for MetaTrader 4

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votes: 12

ProfitTrailing is to realize virtual profit trailing.

Parameters:

  • minlots: the min lots unit for calculation,usually is 0.01;
  • minlotsprofittrailingsl: profit trailing stoploss per minlots, default is 2.2, for example,when the order lots is 0.01,current profit is 3, the orders virtual profit stoploss is 0.8(3 - 2.2), when the lots is 0.02, current profit is 10, the orders virtual profit stoploss is 5.6(10-(0.02/0.01)*2.2);
  • minlotsprofittp: profit take per minlots, when profit is great than minlotsprofittp,close the order immediately;
  • slippage: slippage when close order.

This EA is suitable for any charts,it check all orders profit every 2 second with OnTimer(),and record the data in arrays.

Advantage:

  1. Maximize profit with low risk,just like trailing stop;
  2. Hide the trailing stop/stop loss/take profit positions,for some brokers may increase spread(Ask - Bid) factitiously.

Note:

This EA is created days ago and still under real account testing, any bugs or ideas,please kindly tell me.

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