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2015.09.28 10:07
Basic Trailing Stop

Basic Trailing Stop - expert for MetaTrader 4

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Views:
15661
Rating:
votes: 19

Real author:

Inovance - https://www.inovancetech.com/

Description:

Add a trailing stop to your entry signals. Simply put in your entry conditions so that the LongRule() function returns "1" when long conditions are met and the ShortRule() function returns "-1" when the short conditions are met. You can set the trailing stop distance, in pips, as an external input.

Trailing stop will adjust at each tick.

Image:

Basic Trailing Stop Inputs

Recommendations:

  • Will work on 4 and 5 digit brokers.
  • Always test on demo account first.
  • Does not include exit logic besides Trailing Stop.
  • Example strategy shown in template.
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