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Basic Trailing Stop - expert pour MetaTrader 4
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Real author:
Inovance - https://www.inovancetech.com/
Add a trailing stop to your entry signals. Simply put in your entry conditions so that the LongRule() function returns "1" when long conditions are met and the ShortRule() function returns "-1" when the short conditions are met. You can set the trailing stop distance, in pips, as an external input.
Trailing stop will adjust at each tick.
Recommendations:
- Will work on 4 and 5 digit brokers.
- Always test on demo account first.
- Does not include exit logic besides Trailing Stop.
- Example strategy shown in template.
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