EA applies optimal SL TS levels according to atr,or spread between HIGH & LOW for chosen period.
Result also depend on timeframe of a chart you attach it to.
You can compare results visually with these 2 ind.
Vts=1=Atr stops v11
thanks.. but i don't know how to use that..
anyways, i still need to know how to use?
from the e-trailing
please help, anyone?
can anyone also add take partial profit?
there is also a problem with these system.. it seems to go break even when i lose a pips..
i put the Use.ADR.for.SL.pips= true
can anyone check and tell me why it went break even?
i just found out that it was a different e-trailing stop? can i post it here
- S/L is moving on the value of T/S from the beginning when the order is opened;
- S/L is moving if the profit is more than T/S.
For those interested, there is a new version of e-Trailing EA available from the author's homepage: http://www.kimiv.ru/dev_mq4.htm
Nevermind that the page is in Russian, just scroll to the bottom of the page and press Trailing Stop to download.
It makes it possible to handle all positions, and not just ones to which the EA is attached (I assume).
Just trying to figure out how Trailing Stop works.
Lets say I have a trade initiated with a TP=24, SL=24 and TS=2.
Now for simplicity sake I'm going to say 0 is my open price so SL would be -24 loss and TP would be +24 profit. Now as the day progresses and the price goes in my favor to +26 TS gets triggered because I'm in extra profit of +2.
Now two questions;
1) Does SL now move up to +26 so just in case the market takes a turn for the worst, I'll still get my +25 pips profit instead of loosing and hitting my original SL?
2) Why didn't TP close my order at +24 in the first place?
Is it possible to make Trailing Stop function from the open price of position ?
I would like to ask about Trailing Stop of MT4.
In MT4, Trailing Stop doesn`t function as long as the position doesn`t gain
as much profit as the number of Trailing Stop ( 15pips, 20pips...) first of all.
(In softwares of FX broker I traded before in , it was possible .)
Is it possible to resolve this problem by EA?
Are there anybody who have the good solution about this problem?
As i understand trailing stop may start anytime.
There are EAs where trailing stop is trailing the stop loss. So trailing stop is active from the beginning.
There are EA trailing stop loss if trade is in profit. Some people call it "profit trailing"
So it may be any combination especially together with BreakEven.
Check the links I posted today https://www.mql5.com/en/forum/177147
There are some EAs with selectable options: Profit Trailing = true or false for example.
Thank you very much for wonderful recommendation , newdegital !
All EAs are interesting and wonderful !
Especially sbwent`s TrailingStop.mq4 (e9.2 KB, 201 views) mached to my desire.
I knew a diversity of the programs in MT4 deeply here.
How kind and genourous you are !
I wish much happiness also comes to you .
Please participate in my thread also when I ask again in a future !
tsl.divisor?= what does this do?
if the open positions takes more than one day will the TS change?
I did some research on this and feel I have a high level grasp.
Use.ADR.for.SL.pips is somehow using the average daily range as your stoploss. It uses the ADR in corilation with the trailing stop divisor as shown below.
tsl.divisor is a trailing stoploss Divisor which to the best of my guess uses the divisor of the number you enter as your trailing stop. for instance if your tsl.divisor is 0.40 then it would use some subsets of its divisors (e.g., 1, 4, 5, 10 and 20) gives 40.
hope this helps.