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Automatic Trailing Stop Loss with Take Profit

The product automatically adds a stop loss (SL) and a profit target to your manual or automatic trading. It is good for semi-automatic strategies!


How Does It Work?

Insert this tool into the chart and set the size of a stop loss and a take profit in the dialog box (the value is for 5-digit brokers, for example: value 100 = 0.00100). You can also determine, which symbols the program should be watching. After opening a market order, each trade gets a stop loss and a take profit. A stop loss is automatically moved up or down and your loss is thus reduced. A take profit is fixed but can be moved manually any further. You can adjust those values by the drag and drop method in the MetaTrader.

If you plan to catch a certain profit or loss value and you wish to close out all the positions, you can set a given value in the USD units (CloseProfit). If the profits should be added up, all the positions are closed out. This function can be applied even for the loss using the variable CloseLoss. Receiving email notifications of opening and closing out trades is a part of the program. For this purpose, it is necessary to fill in the SMTP details of your mailbox in the settings of MetaTrader.


Advantages

  • AutomaticTrailing can be opened as an Expert Advisor in any window of a currency pair, while it can check your trades of your opened charts with symbols which are filled out in the Symbols parameter.
  • It automatically detects the number of decimal places (no need to set it up).
  • It can be combined with Limit and Stop orders (SL and TP are added after order activation).
  • A stop loss is moved after each tick.
  • A stop loss and a take profit are positioned according to your values right after you enter the manual order.
  • The program can close out trades from predefined symbols depending on the profit or loss achieved.
  • A stop loss and a take profit can be manually moved even after they have been added by AutomaticTrailing.


Parameters

  • AccountNickname: name your account (it is suitable for emails, for example).
  • SL: size of a trailing stop loss in pips (points) (100 = 0.00100 = 10 pips).
  • TP: size of a take profit in pips (points).
  • CloseProfit: close out all the positions upon reaching a profit in a given currency of the account. 0 = inactive.
  • CloseLoss: close out all the positions upon suffering a loss. 0 = inactive.
  • Symbols: enter the symbols of charts (separated by comma) that should feature a stop loss or a take profit in trading. If you would like the program to take care of all of your trades in all of your currencies, enter an asterisk *. Otherwise, enter the valid symbols, for example: EURUSD, USDCAD, GBPUSD.
  • MailOrdersClose: if true, an email notification is sent after a trade is closed out (even if a trade is closed out by using SL or TP).
  • MailOrdersOpen: same as the previous value. An email notification is sent after a trade is opened (note: the function can check the trades of different Expert Advisors, for example).
If you have any questions, just add a comment and I will get back to you.
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Alexandr Gavrilin
KopirMT4 (CopierMT4) - transaction copier for the MetaTrader 4 terminal, copies (synchronizes, duplicates) transactions from any accounts (copier, copy dealers).  Supports copying: MT4 <-> MT4, MT4 -> MT5 Hedge, MT5 Hedge -> MT4 Attention  : For correct operation, at least two terminals on one PC / VPS are required. The first for the account from which it will copy (Server), and the second for the account to which it will copy (Client). Demo version  https://yadi.sk/d/UHruyCGcqa04lg MT5  h
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Forex Trade Manager MT4
Forex Trade Manager MT4
InvestSoft
Determination of transaction risk by calculating possible profits and losses. Precise designation of TP and SL levels for each transaction. These are the basic activities that every trader of financial markets must face with. The purpose of these calculations is very simple, achieving satisfying profits from FX transactions, with a minimum of risk. This is certainly the dream of each trader. This makes it difficult for new investors to take their first steps in this market.  EA Forex Trade Mana
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Ultimate No Nonsense Backtester
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I Kai Wu
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TPSpro Risk Manager
TPSpro Risk Manager
Roman Podpora
TPSpro Risk Manager is a unique professional risk control system for traders with any skills level and any capital. TPSpro Risk Manager is especially useful for risk management during scalping and intraday trading, however it suits all trading styles. The risk manager is available to anyone at an affordable price. It helps to avoid large losses and serious trading errors. The panel has three columns containing useful information. The first column contains the information about the account state
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Trend Line Optimizer
Trend Line Optimizer
Evgenii Aksenov
This is an automatic parameter optimizer for the Trend Line PRO indicator:  https://www.mql5.com/en/market/product/36087 You can easily and quickly select the optimal parameters for your favorite Trend Line PRO indicator. Optimization takes only a few seconds. After testing, the parameters can be saved to a ready-made set file in the folder: MQL4>Files>TrendLineOptimizedSettings Then this set file can be used for the   Trend Line PRO   indicator User's manual:  https://www.mql5.com/en/blo
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RSI Scanner
RSI Scanner
Tetyana Shcherba
Utility is designed to monitor and analyze the market conditions for all symbols of the MetaTrader 4 terminal using real-time data from the RSI indicator. Automatically detects all the pairs in your terminal, and also can filter them into groups. Gets the RSI indicator data for all timeframes and all selected pairs. Tracks up to 4 programmable signal patterns and notifies when they appear. Automatically opens a new chart for a given template when you click the desired pair in the table. Input
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Mission Automate MT4
Mission Automate MT4
Andrey Barinov
This is a visual strategy builder . The way it is supposed to be. Turn your trading strategies and ideas into Expert Advisors without writing a single line of code. Generate mql source code files with a few clicks and get your fully functional Expert Advisors, which are ready for live execution , strategy tester and cloud optimization . This utility does NOT work in the strategy tester. The DEMO version is here: https://www.mql5.com/en/market/product/30172 More information about the product, inc
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VR Watch list and Linker
VR Watch list and Linker
Vladimir Pastushak
VR Watch list and Linker is an expert advisor for synchronous changes of financial instruments in open windows of the MetaTrader terminal. Choosing a trading instrument in the market overview, you will immediately get charts in the open terminal windows. Each window can be configured individually by you. With the VR Watch list and Linker program you can Quickly check a large number of financial instruments and find those instruments that have high-quality trading signals. Filter and scan financ
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Ian
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Ian 2018.06.05 12:07 
 

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