MauroTrailing EA setup queston

 

Greetings,

Could anyone explain the difference between the following input fields in this EA:

Move to Break Even Pips

Move to Break Even Lock Pips

Also, What might the tsl divisor input represent?

Thanks!

 
fxadvisory:
Greetings,

Could anyone explain the difference between the following input fields in this EA:

Move to Break Even Pips

Move to Break Even Lock Pips

Also, What might the tsl divisor input represent?

Thanks!

Here is what I think.

For Example:

Move to Break Even Pips = 15

Move to Break Even Lock Pips = 5

If you are now 15pips away from your open position (in profit), then Mauro EA will move your SL to +5, so if anything goes wrong, you still have your+5 pips.

I don't know about tsl divisor

Please correct me if i'm wrong.

Happy trading

 

Is there a thorough explanation for how the variables in this ea work?

 

Everything is written in the MQ4 file...

Reason: