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Black FX Trailing Stop EA (MT4)

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blackfxtrading
41
blackfxtrading 2014.06.20 20:17 
Been working on a proprietary trailing stop Expert Advisor for MT4 trading platforms. It was designed to capture a continuation in price action, especially when pair(s) are trending rather than just settling for 1:1 profit targets.

The following features below make the Black Trailing Stop a great asset:

- Stop Loss Break Even + Spread (this way you make X pips PLUS the spread).
- Profit Targets can be set to a Percent of Risk (i.e. 45% of 100 pip Stop Loss)
- Profit Targets can be set to the Risk Amount (1:1, 2:1, 3:1, etc) ​
- Trade Multiple pairs with different settings.
- Trade the same pair in either direction at the same time.

Thought I would share.

Files:
Sergey Golubev
Moderator
94528
Sergey Golubev 2014.06.20 20:36  

Thanks,

Our forum is for MT5/mql5 so it is better to place it to MT4/mql4 forum

Forum on trading, automated trading systems and testing trading strategies

Error 145 Trade Server Return Code

angevoyageur, 2014.03.01 14:27

This forum is about MT5/mql5, please post your question about MT4/mql4 on mql4.com forum.

  • They are more people who can answer there.
  • They are more people who can have similar problem there.
  • A forum is not only to get help but to share with the community, mql4/MT4 community isn't the same as mql5/MT5 community.

Lemnos
623
Lemnos 2014.10.06 02:42  
blackfxtrading:
Been working on a proprietary trailing stop Expert Advisor for MT4 trading platforms. It was designed to capture a continuation in price action, especially when pair(s) are trending rather than just settling for 1:1 profit targets.

The following features below make the Black Trailing Stop a great asset:

- Stop Loss Break Even + Spread (this way you make X pips PLUS the spread).
- Profit Targets can be set to a Percent of Risk (i.e. 45% of 100 pip Stop Loss)
- Profit Targets can be set to the Risk Amount (1:1, 2:1, 3:1, etc) ​
- Trade Multiple pairs with different settings.
- Trade the same pair in either direction at the same time.

Thought I would share.

Does it automatically come on when a trade is placed?
blackfxtrading
41
blackfxtrading 2015.09.08 19:58  

Yes. It automatically places a stop loss and profit target. 

blackfxtrading
41
blackfxtrading 2015.09.08 19:59  

Here is the updated version of the Black Trailing Stop EA. 

If you have any questions please ask and or email me at blackfxtrading@gmail.com

Files:
Mohamed Allam
360
Mohamed Allam 2015.12.22 19:03  
Should i Place it on multiple charts, for multi currency operation or just 1 chart for all currency pairs... thanks
Daniel Soria
191
Daniel Soria 2016.06.20 21:33  
Black 3.1.1 is not longer working on new versions of mt4???
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