Simple Trail EA
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buy or sell automatically depending on the settings that have been entered.
Introduction
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This EA will move the stop loss (S/L) on your MetaTrader 4 terminal up or down depending if the trades are
buy or sell automatically depending on the settings that have been entered.
Setup
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copy the simple-trail-v1.3.ex4 into C:\Program Files\"your broker"\experts.
restart MT4 to see the EA under experts.
Settings
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The following can be configured in the EA:
1. Trail value in pips, if using a 4 digit broker then use a value example 10 for 10 pips, or for a 5
digit broker use a value 100 for 10 pips.
2. Your own comment displayed on the chart.
3. sound - true or false, if true then a tick sound will be heard every time the stop loss is moved.
some helpful info
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don't set the stop loss too low, as the market moves up / down your trade might be closed if the stop loss
is set too low, once you have entered trade give it enough space ( IE stop loss) to reach a profit, I
recommend a minimum of 10 pips.
http://sites.google.com/site/dmweadev/home/simple-trail-ea