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Trailing Stop Functions: Add to an existing MT4 EA

2019.06.23 Experts Scripts

Job finished

Execution time 11 hours
Feedback from customer
Trailing Stop additions to my EA: Excellent and fast work in adding Trailing Stop functions to my EA! I will request his assistance in additional projects.

Specification

Order Request:


Add 3 Trailing Stop Functions to an existing MT4 EA ,and place into the Parameters Box of the program, as well:


1) Trailing Stop amount in pips: 10

2) Trailing Step in pips: 3

3) Trailing Stop Start Point from Purchase Point in pips: 45

NOTE: The existing program or EA has a Stop loss now.  Of course, the Stop loss should deactivate when the Trailing Stop activates.


Further Explanation of Trailing Stop Functions, i.e., Trailing Stop, Trailing Step, Trailing Start Point:

The current EA opens a trade with a 50 pip Stop Loss and a 50 pip Target Price:

Your Code Addition:

A) Trailing Stop Start Point from Purchase Point in pips: Program opens a trade.  After 45 pips in direction of profitable trade from the purchase point, the program would activate the Trailing Stop (Trailing Stop Start Point). 

B) Trailing Stop Amount in pips: The Trailing Stop (Trailing Stop = 10 pips) would follow price at 10 pips distance.

C) Trailing Step: The Trailing Stop would delay following for 3 pips (Trailing Step) before moving forward, staying at a 10 pip distance of 10 pips from the moving market price point, otherwise (moving forward in 3 pip steps while staying at least 10 pips behind the moving price point).


D) NOTE: The three Trailing Stop functions would also be placed into the Parameters Window of the program, so that the EA manager can test and/or use different pip levels in the functions in order to find and/or operate with the optimal settings of the three Trailing Stop functions.

The EA will be used to trade forex, stock index products, metals, commodities, etc., with a forex broker.





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Project information

Budget
30 - 200 USD
For the developer
27 - 180 USD
Deadlines
from 1 to 7 day(s)