Protect Profit

[Kevin]

Can anyone here code this ....

I would like to protect profits after a certian number of pips is reached

So once "x" number of pips is reached it starts a trailing stop.

None of my attempts have been successfull.

Also is there anyway to fake a takeprofit and stoploss if your broker only alows it to be more than 10?

I was thinking about putting some rules to the OrderClose ()....

Thanks,

[Craig]

/////////////////////////////////////////////////////////////////////////////////////////////

// Trailing stop losses

void TrailOrders(int trailing_stop, int magic_number)

{

//Iterate orders

int num_orders = OrdersTotal();

for(int trade = 0; trade < num_orders; trade++)

{

//Select an order

if (!OrderSelect(trade,SELECT_BY_POS,MODE_TRADES))

{

continue;

}

if (OrderMagicNumber() != magic_number)

{

continue;

}

if (OrderType()==OP_BUY)

{

if (Bid-OrderOpenPrice() > Point*trailing_stop)

{

if (OrderStopLoss() < Bid-Point*trailing_stop)

{

if (!OrderModify(OrderTicket(),OrderOpenPrice(),Bid-Point*trailing_stop,OrderTakeProfit(),0,Green))

{

Print("TrailOrders, OrderModify failed. Err#:", ErrorDescription(GetLastError()));

}

}

}

}

if (OrderType()==OP_SELL)

{

if (OrderOpenPrice()-Ask > Point*trailing_stop)

{

if (OrderStopLoss() > Ask+Point*trailing_stop)

{

if (!OrderModify(OrderTicket(),OrderOpenPrice(),Ask+Point*trailing_stop,OrderTakeProfit(),0,Red))

{

Print("TrailOrders, OrderModify failed. Err#:", ErrorDescription(GetLastError()));

}

}

}

}

}

}

[Craig]

The ErrorDescription function is in the stderror.mqh header.

[xxDavidxSxx]

just use e-trailing

the default of 8 is when trail is moved to break even(no matter what the initial s/l is set)

the default of 2 is how many pips it trails after being moved to break even

change those 2 settings to your liking.

I use this EA on every trade I make. Usually I trail to b/e at 25/30 pips and trail every 5 pips there after.

you can set initial s/l at 100 and target of 200. or what ever you want, the broker never knows what point your ea will trail at.

[Osama Shaban]

Hi ...

I use this code in the most of my EA's to protect profit is the account profit reach a specific $ but not pips.

The code is not recomended to add to EA's which are attached to plateform with other EA's because it has no MAGIC No.

You can add MAGIC No. easily if you like.

extern int MaxProfitPerPair = 7; //in Dollars

...

...

...

if(AccountProfit()>= MaxProfitPerPair * OrdersTotal())

CloseAllPositions();

...

...

...

void CloseAllPositions(){

int total = OrdersTotal();

for(int i=total-1;i>=0;i--){

OrderSelect(i, SELECT_BY_POS);

int type = OrderType();

bool result = false;

switch(type)

{

//Close opened long positions

case OP_BUY : result = OrderClose( OrderTicket(), OrderLots(), MarketInfo(OrderSymbol(), MODE_BID), 5, Red );

break;

//Close opened short positions

case OP_SELL : result = OrderClose( OrderTicket(), OrderLots(), MarketInfo(OrderSymbol(), MODE_ASK), 5, Red );

}

if(result == false)

{

Alert("Order " , OrderTicket() , " failed to close. Error:" , GetLastError() );

Sleep(3000);

}

}

return(0);

}