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Universal TrailStop

This EA does not trade on its own, it only provides a trailing stop of trades opened manually or by other expert advisors. It allows you to integrate trailing stop as a part of your strategy.

How to use?

In manual trading simply attached this EA to the chart you want to trade manually, now open a trade and this EA will work its wonder. When working with other EA, create a separate chart and attach this EA and it automatically do its wonder.

There are two types of Trailing Stop: Trailing Stop above Break Even and Trailing Stop below Break Even.

  1. Trailing Stop above Break Even modifies stop loss above the open price if the price moves to your favor.
  2. Trailing Stop below Break Even sets a stop loss distance below the open price and modifies Trailing Stop if the price moves to your favor.


Parameters

  • TrailStop - sets the trailing stop relative to the opening price.
  • TrailStep - modify trailing stop in steps to avoid excessive modification of order.
  • Trailing Style - The option to choose between:
    • Trail Stop Above Break Even
    • Trail Stop below Break Even

For more questions and inputs suggestions you can email me at geniebulltrader@gmail.com or private message me here at Mql5. Thank you

Wensum.Drive
175
2017.10.03 11:03 
 

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Aleksej Kravcenko
1554
2017.08.08 02:22 
 

User didn't leave any comment to the rating