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This Expert Advisor moves the stop loss at X% of the range over specified number of bars. It has the next parameters:

  • BarsNum: Number of bars to calculate the range.
  • PipDistance: Distance in pips to place the stop loss above/below X% of the range(Put 0 if you want exactly at X%).
  • Percentage: Amount of percentage of range to place the stop loss.

Once the expert is attached to a chart it will show the next inputs at the top left corner:

  • LTS: Stop loss price of buy orders.
  • STS: Stop loss price of sell orders.
  1. This expert does not open orders by itself, it works on opened orders.
  2. You must attach to charts with orders. Example: If you have orders in EURUSD attach the Expert Advisor on EURUSD chart.

Note: The % range is calculated from high to low for long orders and from low to high for short orders.

  • Example: Highest high on the last 100 bars is 5 and lowest low is 3. If we set 25% the Expert Advisor will trail at 4.5 for long orders and 3.5 for short orders.
Abdullah Alrai
2016.05.20 15:54 

User didn't leave any comment to the rating

Version 2.0 - 2016.04.06
Added more trailing stop loss methods (parabolic SAR, Moving average, %ATR).
Version 1.10 - 2016.03.17
Quitted annoying alert.