This Expert Advisor is designed for automatic movement of Stop Loss in the regulated distance from the market price.
It works perfectly on any currency pair.
If trade is conducted in several currency pairs simultaneously, the EA works with all currency pairs.
1. If an open order has no StopLoss.
The EA sets StopLoss level into breakeven when Profit orders (in points) is equal to or exceeds TrallingStop (Inputs). With further increase in Profit, the EA moves StopLoss by TrallingStop (Inputs).
2. If an open order has StopLoss.
The EA waits when Profit of an order (in points) is equal to or exceeds TrallingStop (Inputs), and then moves the StopLoss to breakeven. With further increase in Profit, othe EA moves StopLoss by TrallingStop (Inputs).
This procedure is repeated for all orders opened on a trading account one by one.
When setting TrallingStop (Inputs), specify a minimum distance between a StopLoss level and a market price of the required currency pair.
Minimum Recommended TrallingStop:
- 4 symbol – at least 2-5;
- 5 symbol – at least 20-50.