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Step trailing stop

5

Step by step "Trailing Stop"

The utility allows you to set the step of moving the "Stop Loss" following the price when using the "Trailing Stop" tool.

Unlike the "regular" "Trailing Stop" available in the "MetaTrader" terminal, which allows you to set the "Stop Loss" movement in increments of 1 pip, this "Trailing Stop" is configured with any increment. This setting allows you to avoid closing positions during false trend reversals, when the price, after a long movement in one direction, reverses for a small correction, and then continues to move in the same direction again.

For the convenience of managing the work of the "Trailing Stop" tool with a variable "Stop Loss" movement step, the script that implements the tool's operation has been adapted to the existing trading panel "eInTradePane" by the developer Dmitry Fedoseev. The source code of the trading panel is freely available at https://www.mql5.com/en/code/220.

The description of the "eInTradePanel" trading panel with the "Trailing Stop" added to it is given on the "Discussion" tab.

    Reviews 1
    varo1n
    47
    varo1n 2022.12.07 09:18 
     

    Автору спасибо. Утилита очень помогает, прилично сокращает время работы с ордерами. Использую для интрадей торговли. Пользуюсь стоп-лоссом и трейлинг стопом вместо тейк-профита, очень удобно.

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    Present to you the useful robot that I have been using for several years. It can be used in both semi-automatic mode and fully automatic mode. The program contains flexible settings for trading on the news of the economic calendar. It cannot be checked in the strategy tester. Only real work. In the terminal settings, you need to add the news site to the list of allowed URLs. Click Tools > Options > Expert Advisors. Check the option "Allow WebRequests for listed URL:". Add this (delete the spa
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    Leolouiski Gan
    4.33 (6)
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    This product filters   all expert advisors and manual charts   during news time. This product also comes with a complete  order management system   that can handle your open positions and pending orders before the release of any news. Once you purchase   The News Filter , you will no longer need to rely on built-in news filters for future expert advisors, as this product can filter them all from here onwards. Please note that this product does not work in the strategy tester. To properly evalu
    MT5Eezeorder 2
    Tawanda Tinarwo
    Utilities
    NB: IF YOU ARE USING A VERY HIGH RESOLUTION MACHINE AND THE EA DISPLAY LOOKS TOO SMALL, CONTACT ME SO I CAN HELP YOU. Open and close Multiple Trades on MT5 in 1 click at one price. Enter the Lot size Specify the number of trades you want to open Choose whether you want TP SL or Trailing Stop Once you are done, click Buy or Sell Create trailing stop for multiple trades  PLEASE NOTE: This is not a script, save it in the experts folder What to Always Note Check the minimum stop levels for the symbo
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    varo1n
    47
    varo1n 2022.12.07 09:18 
     

    Автору спасибо. Утилита очень помогает, прилично сокращает время работы с ордерами. Использую для интрадей торговли. Пользуюсь стоп-лоссом и трейлинг стопом вместо тейк-профита, очень удобно.

    Reply to review
    Version 1.4 2022.12.12
    Removed the ability to enter negative values (less than zero) in the "Stop Loss" and "Take Profit" fields.
    Version 1.3 2022.12.09
    For the convenience of managing the operation of the "Trailing-Stop" tool with a variable "Stop-Loss" movement step, the script that implements the operation of the tool has been adapted to the existing third-party "eInTradePane" trading panel. The source code of the trading panel is freely available at https://www.mql5.com/en/code/220 . There is also a description of the interaction with the panel.
    A more complete description, taking into account additions, I will publish on the utility page a little later.
    Version 1.2 2022.12.06
    Removed the parameter "Expert identification number", returned the ability to manage orders by the "regular" MetaTrader terminal. Own terminal is in the plans, but there is no time to develop it yet.
    Version 1.1 2022.12.02
    Added "Sell" and "Buy" buttons, as well as a field for entering the amount of investments (lot). Currently, the "Sell" and "Buy" buttons only open immediate execution orders. In the future I plan to expand the functionality.