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ROMAN5 Advanced TrailingStop

ROMAN5 Advanced TrailingStop includes BreakEven facility. It comes with 6 indicators: Fractals, Parabolic SAR, Bollinger Bands, Heiken Ashi, Moving Average and a combination of Fractals+Parabolic SAR.

ROMAN5 Advanced TrailingStop automatically moves the Stop Loss along with one of your selected indicator level. You can place ROMAN5 Advanced TrailingStop in any chart. It comes with an alert that will sound whenever a new signal appears. It also features an email facility. Your email address and SMTP Server settings should be specified in the settings window of the "Mailbox" tab in your MetaTrader 5.


Parameters

Section: General

  • Magic - Magic Number
  • UseBuySellEntry - Able to turn on or off the Buy/Sell entry. This is for testing purposes. Default is false.
  • ShowBuySellSignal - To show the Buy/Sell signals on the chart. Default is false.
  • Lots - This is a trading volume for open trades only when UseBuySellEntry = true. It will be ignored if UseBuySellEntry = false.
  • CloseHalfTP - It will close the volume in half when this Take Profit level is reached.
  • TakeProfitInPips - Take Profit in pips
  • StopLossInPips - Stop Loss in pips

Section: Advanced BreakEven Settings

  • UseBreakEven - To able move the stop loss level to break even level to lock the profit. Default is false.
  • BreakEvenLevel - BreakEven Level in pips. When the price has reached this level then it will setup the stop loss to "BreakEvenProfit" - see "BreakEvenProfit" parameter. Default is 50
  • BreakEvenProfit - BreakEven Profit in pips. See "BreakEvenLevel" parameter. Default is 10

BreakEven Settings Example

BreakEven Level = 50 pips and BreakEven Profit = 10 pips:
BUY opened price at 1.35000.
When the price reaches 1.35050 (50 pips) then EA will setup the Stop at 1.35010.

Section_2: Advanced TrailingStop Settings

  • UseTrailingStop - Use Advanced TrailingStop. Default is true.
  • ShowDot - Show Advanced TrailingStop Dot. Default is true.
  • C4Indicator - You can choose one of 8 options. Default is ParabolicSAR
  • UpperColor - TrailingStop Dot Upper Color
  • LowerColor - TrailingStop Dot Lower Color

Section_3a: Standard Trailing Stop Settings

  • ShowStandardTrailingStopDot - Show Standard TrailingStop's dot on the chart. Default is false.
  • UseTrailingProfit - Able to turn on or off the Trailing Profit.
  • TrailingStopInPips - Trailing Stop in pips
  • TrailingStepInPips - Trailing Step in pips

Standard Trailing Stop Settings Example

Trailing Stop = 50 pips and Trailing Step = 10 pips:
BUY opened price at 1.35000
When the price reaches 1.35050 (50 pips) then EA will setup the Stop at 1.35000 (1.35001 if 'Use Trailing Profit' = true).
When the price reaches 1.35051 (51 pips) then Stop will stay the same price at 1.35000.
When the price reaches 1.35052 (52 pips) then Stop will stay the same price at 1.35000.
...so on
When the price reaches 1.35060 (60 pips) then Stop will move up the price to 1.35010.
When the price reaches 1.35061 (61 pips) then Stop will stay the same price at 1.35010.
When the price reaches 1.35062 (62 pips) then Stop will stay the same price at 1.35010.
...so on
When the price reaches 1.35070 (70 pips) then Stop will move up the price to 1.35020.
...so on

Section_3b: Fractals Settings

  • ShowFractalsDot - Show Fractals TrailingStop's dot on the chart. Default is true.

Section_3c: Parabolic SAR Settings

  • ShowParabolicSarDot - Show Parabolic SAR TrailingStop's dot on the chart. Default is true.
  • SARStep - Step. Default is 0.01.
  • SARMaximum - Maximum. Default is 0.1.

Section_3d: Bollinger Bands Settings

  • ShowBollingerBandsDot - Show Bollinger Bands TrailingStop's dot on the chart. Default is true.
  • BB_Period - Period. Default is 20.
  • BB_Shift - Horizontal shift of the indicator. Default is 0.
  • BB_Deviation - Number of standard deviations. Default is 2.0.
  • BB_AppliedPrice - Type of Price. Default is PRICE_CLOSE.

Section_3e: Heiken Ashi Settings

  • ShowHeikenAshiDot - Show Heiken Ashi TrailingStop's dot on the chart. Default is true.

Section_3f: Moving Average Settings

  • ShowMovingAverageDot - Show Moving Average TrailingStop's dot on the chart. Default is true.
  • MA_TimeFrame - MA TimeFrame. Default is PERIOD_CURRENT.
  • MA_Period - MA Period. Default is 14.
  • MA_Shift - MA Shift. Default is 0.
  • MA_Method - MA Method. Default is MODE_EMA.

Section: Buy/Sell Signal Settings

  • Print - Print enters a message in the Expert Advisor log. Default is false.
  • Alert - Alert displays a message in a separate window. Default is false.
  • Sound - Play the Sound. Default is false.
  • SendNotification - Sends push notifications to the mobile terminal. Default is false.
  • SendEmail - Sends an email. Default is false.

Section: Alert Settings

  • Print - Print enters a message in the Expert Advisor log. Default is false.
  • Alert - Alert displays a message in a separate window. Default is false.
  • Sound - Play the Sound. Default is false.
  • SendNotification - Sends push notifications to the mobile terminal. Default is false.
  • SendEmail - Sends an email. Default is false.
No reviews
Version 1.6 - 2015.10.16
Fixed Volume (Lots size)
Checked for Volume Step, Minimum and Maximum
Version 1.5 - 2014.08.05
Fixed Take Profit in half issue.
Version 1.4 - 2014.02.13
- Added possibility to trade for Standard TrailingStop if UseBuySellEntry = true.
Version 1.3 - 2014.02.03
Added Initial Take Profit and Stop Loss.
Version 1.2 - 2014.01.27
- Added Standard Trailing Stop.
- Added Partial Close feature.