Trailing Stop

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22
maymay 2007.05.30 08:35
 

I would like to ask about Trailing Stop of MT4.
In MT4, Trailing Stop doesn`t function as long as the position doesn`t gain
as much profit as the number of Trailing Stop ( 15pips, 20pips...) first of all.
Is it possible to make Trailing Stop function from the open price of position ?
(In softwares of FX broker I traded before in , it was possible .)
Is it possible to resolve this problem by EA?

 
EURUSD Intra-Day Technical Analysis - waiting to break the levels for direction
H4 price is located near and above Ichimoku cloud for primary bullish market condition. The price is on breakdown now for trying to cross Ichimoku cloud with 1.1202 support level located in the bearish area of the chart. If the price crosses 1.1202 level so we may see the reversal of the price movement to the primary bearish on intra-day basis.
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231
fireflies 2007.05.31 05:56 #
 
if( OrderSelect(ticket,SELECT_BY_TICKET) && OrderCloseTime()==0 ) {
    if( OrderType()==OP_BUY ) {
        OrderModify(OrderTicket(),OrderOpenPrice(),Open[0]-Point*TrailingStop,OrderTakeProfit(),0);
    }
    else if( OrderType()==OP_SELL ) {
        OrderModify(OrderTicket(),OrderOpenPrice(),Open[0]+Point*TrailingStop,OrderTakeProfit(),0);
    }
}
Look at the OrderModify documentation for more explanation and sample.
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22
maymay 2007.05.31 14:38 #
 
fireflies wrote:
if( OrderSelect(ticket,SELECT_BY_TICKET) && OrderCloseTime()==0 ) {
    if( OrderType()==OP_BUY ) {
        OrderModify(OrderTicket(),OrderOpenPrice(),Open[0]-Point*TrailingStop,OrderTakeProfit(),0);
    }
    else if( OrderType()==OP_SELL ) {
        OrderModify(OrderTicket(),OrderOpenPrice(),Open[0]+Point*TrailingStop,OrderTakeProfit(),0);
    }
}
Look at the OrderModify documentation for more explanation and sample.
Thank you firefiles.
But it may be difficult for me to use it because it is a script ,not EA.
I don`t know where to write the number of Trailing Stop and how to edit this script in Meta edit .
I am a beginer.
But I try.
 
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231
fireflies 2007.06.01 05:38 #
 
maymay wrote:

Thank you firefiles.
But it may be difficult for me to use it because it is a script ,not EA.
I don`t know where to write the number of Trailing Stop and how to edit this script in Meta edit .
I am a beginer.
But I try.

It's not a script or EA, just a snippet of codes that may solve your problem.
If you're not yet familiar with programming, MQL4 in particular, you better try to use and tweak some existing EAs.
Look in CodeBase tab above for the repository.

 
avatar
22
maymay 2007.06.01 08:54 #
 
fireflies wrote:
maymay wrote:

Thank you firefiles.
But it may be difficult for me to use it because it is a script ,not EA.
I don`t know where to write the number of Trailing Stop and how to edit this script in Meta edit .
I am a beginer.
But I try.

It's not a script or EA, just a snippet of codes that may solve your problem.
If you're not yet familiar with programming, MQL4 in particular, you better try to use and tweak some existing EAs.
Look in CodeBase tab above for the repository.


Thank you , firefiles.
But I could not find EA which mached to my desire in CodeBase tab.
In fact , I could find such EA in the different forum of MT4.
http://www.forex-tsd.com/metatrader-4/7861-possible-make-trailing-stop-function-open-price-position. html
It may be  precious for many FX traders. 
 
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1
anup1965 2008.12.30 07:38 #
 

The correct thread is

Trailing Stop EA

http://www.forex-tsd.com/expert-advisors-metatrader-4/4844-help-needed-making-perfect-trailing-stop-ea-2.html


Really a very nice trailing stop EA.

 
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1
insanitysnake 2012.12.10 23:15 #
 

Thanks.... Very nice useful script...

My EA very good now... I testing others configs now... Thanks a Lot! 

 
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