MT4 Trailing Stop (5 pips and 10 pips)

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Does anyone know how I can get trailing stops with 5 and 10 pips? I heard there's an expert for it, but I can't find it. Thanks in advance
 
Don't you just right click on the order, select Trailing Stop, choose Custom and type in the value you require ?
 
Don't you just right click on the order, select Trailing Stop, choose Custom and type in the value you require ?


Thanks for your reply. I can't choose e.g. 10 pips as it says that the minimal level is 15 pips.
 
this is imho an annoying 'feature' of MT4... training stops cannot be less than 15.. i really dont know why. anyway, here is some code i got from this forum... somewhere.. i have not changed it nor tested it.

//+------------------------------------------------------------------+
//|                                              Trailing Stop 5.mq4 |
//|                      Copyright © 2004, MetaQuotes Software Corp. |
//|                                        http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2004, MetaQuotes Software Corp."
#property link      "http://www.metaquotes.net"

//+------------------------------------------------------------------+
//| expert initialization function                                   |
//+------------------------------------------------------------------+
extern double TakeProfit = 0;
extern double StopLoss = 15;
extern double Lots = 1;
extern double TrailingStop = 5;

int init()
  {
//---- TODO: Add your code here.
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert deinitialization function                                 |
//+------------------------------------------------------------------+
int pos3pre = 1;
int pos4cur = 0;
int cnt = 0;
int openpozprice = 0;
int mode = 0;
int deinit()
  {
//---- TODO: Add your code here.
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| expert start function                                            |
//+------------------------------------------------------------------+
int start()
  {
  for (int i = 0; i < OrdersTotal(); i++) {
      OrderSelect(i, SELECT_BY_POS, MODE_TRADES);

      if (OrderType() == OP_BUY) {
         //if (Bid > (OrderValue(cnt,VAL_OPENPRICE) + TrailingStop * Point)) {
         //   OrderClose(OrderTicket(), OrderLots(), Bid, 3, Violet);
         //   break;
         //}
         if (Bid - OrderOpenPrice() > TrailingStop * MarketInfo(OrderSymbol(), MODE_POINT)) {
            if (OrderStopLoss() < Bid - TrailingStop * MarketInfo(OrderSymbol(), MODE_POINT)) {
               OrderModify(OrderTicket(), OrderOpenPrice(), Bid - TrailingStop * MarketInfo(OrderSymbol(), MODE_POINT), OrderTakeProfit(), Red);
            }
         }
      } else if (OrderType() == OP_SELL) {
         if (OrderOpenPrice() - Ask > TrailingStop * MarketInfo(OrderSymbol(), MODE_POINT)) {
            if ((OrderStopLoss() > Ask + TrailingStop * MarketInfo(OrderSymbol(), MODE_POINT)) || 
                  (OrderStopLoss() == 0)) {
               OrderModify(OrderTicket(), OrderOpenPrice(),
                  Ask + TrailingStop * MarketInfo(OrderSymbol(), MODE_POINT), OrderTakeProfit(), Red);
            }
         }
      }
	}

//---- TODO: Add your code here.
   
//----
   return(0);
  }
//+------------------------------------------------------------------+
 
Thanks alot hdb. Just one more thing, what does the 'lots' variable do? Argh I must learn MT4! hehe
 
it does nothing...
 
I have in the past run trailing stops of ten or less, obviously from my own expert, but with a minimum spread of 3 it doesn't really make sense.

I'd say 15 is the minimum you want to run at....
 
I have in the past run trailing stops of ten or less, obviously from my own expert, but with a minimum spread of 3 it doesn't really make sense.

I'd say 15 is the minimum you want to run at....


Anychance you could send me that expert? :)
 
Sorry.....no can do...
 
The code ,why I can't attach to a chart?
 
Forex Trader #:
The code ,why I can't attach to a chart?
If i may ask, are you saying if i code my own expert is there any chance that i can by pass the minimum allowable points and put my own custom points that are lower than the expected when i use a trailing stop manually.

I trade indices specifically boom and crash on deriv
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