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Trailing Even for Controladora

FREE

Published: 10 July 2014

Current version: 2.3

Trailing Even for Controladora

Utilities
Sergio D. Rocha
Sergio D. Rocha
Mexico

16560
4.5 (44)
I'm a seasoned trader both in Elliott Wave analysis and traditional technical analysis. I trade mostly on forex but make analysis on regular bias for dollar index, crude, metals (gold and silver), Dow Jones industrial and 10 year US bond.

22 products 4 topics 5 comments
Version: 2.3
Updated: 23 November 2021

Trailing Even is a free complement for the Control adora Expert Adviser.

It adds a trailing stop function and changes the exit level that works as stop loss if some price is reached, let's review how to make it work:

First of all make sure you have the same language selected both in the Control adora Expert and in this indicator.

Change of the exit level that works as stop loss with "BES" and "BEO":

This function needs 2 arrows to work:

1 named BES (stands for Break Even Start) place it at the level where you want to trigger the function.
And 1 named BEO (stands for Break Even Objective) place where you want to establish the exit if BES is reached. Once BES is reached and the exits "Above(s)" or "Below(s)" had been moved, the BEO will be deleted by the system.

The system reads the type of order that is under Control adora's scope, if it's a buy BEO will move the Control adora's "Below(s)" exits, if it's a sell will move the Control adora's "Above(s)" exits.

Trailing Stop with "BET":

To make it work, in the Indicator's properties you need to set Pips with a value greater than 0, the number you set will be the distance from the last higher Bid recorded after the function's inception for buys, or the last lower Bid recorded for sells. Contrary to the MetaTrader's Trailing stop, with BET you don't need the trade be profitable to make it work.

As extra feature you can make BET await to the BES level had been reached to start working, by setting the TBES to true in the indicator's properties. On this mode the BET arrow will be moving to indicate the level where the exits should be if TBES were settled to false but won't move the exits, until the BES level be reached.

Please watch the Control adora instructions and videos to better understand how this expert work and what Aboves and Belows exits means.

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This indicator calculates directly the value of the dollar index by using the ICE formula to plot the chart, this can help you as reference. You do not need your broker to provide the ICE DX to use this indicator, is a way to have it calculated. Little discrepancies could be found in the exact value of the candles or time due closing time of the trading floor and the use of decimals, but generally will give you good reference. You need your broker offers the feed for the following pairs in orde

This is a technical indicator that put on strategy tester the buttons of the expert adviser "Control adora". Usually when applied the controladora to the strategy tester, the buttons do not appear and therefore its functions (like directly buy, sell, close orders or place stop loss indicator) can't be used. But now you can if have the Manual Backtest indicator. If you don't have Control adora, you can get it from here . This indicator get on the chart the buttons that can be of use in strategy t

This is a very silly script but perhaps you find it useful. It deletes all objects from the chart. I recommend setting a hot key to call it just by pressing a couple of keys on your keyboard. To avoid accidental deletion of object, the script will ask you to confirm the action as you won't be available to restore them with "undo" (Ctrl+Z).

This is a script that is made to work in conjunction with the Objects Hide script Re-draw again the objects removed in the chart by the Objects Hide script Just drag and drop over the desired chart when you want to recall the objects deleted by Objects Hide Using this scripts system you can have the option to hide (remove) all graphical objects in the chart and recover them again later. Objects Hide is purchasable here in mql5.com find out more about this on this link. Please watch the demo tuto

This is a technical indicator that works as a plug-in for "Control adora" - the Expert Advisor that helps you to calculate, place and control positions on the chart. When run on a chart with Control adora EA, this plug-in allows setting entry levels that send orders at contact, while you have StopCloseOnly (OCO in Comments) = 1 settled in Control adora (meaning that without this, the indicator will send the order only when the price Close crosses the arrow level). This indicator only works if yo

"TradeALot" is a plug-in for the Expert Advisor Control-adora . It allow you to place programmed orders without the need to write the name of the order in the Arrow (like bs, ss, bl, sl, sl1, sl2, etc). Just drag and drop the button for "Programmed Buys" or "Programmed Sells" over the candles-zone at the place where you want to program the order and TradeALot will compare the bid price with the position where you dropped the button and will decide if the order need to be "Stop" or "Limit". With

This indicator is a plug-in for Controladora Expert Adviser , which allows you to set a specific area, and the Controladora will open a buy or a sell, if the candle closes inside this area. To make it work in a chart with the Controladora installed, add the Act Inside indicator, then add a rectangle shape into the chart and re-size it to cover only the area where the close of a candle should be in order to send the buy or sell order. Rename the rectangle as AI and in it's description write buy,

This is a simple script that places a defined number of lines above and below a given price. The script lets you set the number of lines, the separation in pips and the color. Instructions: Drop the script on a chart to draw the level lines If the last parameter is set to false, the script will delete the lines previously placed by it. Parameters: English? Turn it yes to use English language, false will turn language to Spanish Separation Set the pips distance among lines From Price Ca

This script is to be used with the Market Patroller indicator as a constructor for a specialized list of symbols based in all the available symbols listed in your MT4's Market Watch window. You can reduce the list depending upon several considerations: List only some symbols that have some instrument, for example, if your broker have 5 EUR pairs (EURXXX or XXXEUR). Exclude some symbols, for example, if you do not want to trade today GBP related pairs, this will avoid any GBPXXX or XXXGBP symbol

AllHere is a plug-in for Control-adora that works as information panel. Its main function is to show you all the Control-adora elements placed in the chart, like the Control-adora's orders or the exit lines. On the lower left corner, AllHere shows a collection of buttons classified by color (you can set them in the indicator's properties) for several elements used in Control-adora system: Stop loss indications (stop loss Arrows) Exit lines Above (Above trend lines) Exit lines Below (Below trend

BigPanel is a plug-in indicator that works exclusively with Control adora Expert Advisor. Its main functions are as follows: Select two types of button arrangement (horizontal or vertical) Change the buttons' size (from small to big; there are five different sizes in total) Move the buttons' panel around the chart. The arrangement and size can be settled in the indicators properties. To move the buttons' panel, click once over the hand button and move your mouse, the panel will follow it. To sto

When drawing a trend line or other objects, there is a natural deviation when you place the object from a higher time frame, and then go to watch it in a lower time frame. PerfectLine is a technical indicator that solves this problem. Once you touch a line after drawing it, Perfect Line will find the exact spot in the lower time frame available for it's position and then rectifies where it should be. Perfect Line uses a five pixels pre-established tolerance, if a difference between the line's no

45 USD

This is a plug-in indicator for Control-adora that eliminates all the listed labels when a specific price is reached. Just add the indicator to the same chart where Control-adora runs and place a price label named Killer at the level where you want to trigger the label deletion. The trigger will be activated when the price goes beyond the Killer label. In its properties, set the labels you wish to delete separated with comma, replace the default values with the list of your desired labels to rem

This is a very simple script that will show you the following info about any symbol in your chart: Point, digits, spread, stop level, lot size, tick value, tick size, swap long, swap short, starting date (if future contract), expiration date (if future contract), trade allowed, minimum lot size, lot step, maximum lot size, swap type, profit calculation mode, margin calculation mode, initial margin, margin maintenance, margin when hedged, margin required, freeze level. All this info is extracted

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Trailing Even for Controladora

Sergio D. Rocha