In Progress

Metatrader Stop Trailer EA

The EA I want is a simple trailing stop EA that works along the following lines:

Each time the trade moves a user-defined number of pips in profit (Trigger_Pips, default: 10) it moves the stop by another user-defined number of pips closer to price (Trailing_Pips, default 10).


Trade is opened at .9050, with stop at .9030.

Price moves to .9035. No Action

Price moves to .9055. No Action

Price moves to .9062. Stop is moved to .9040

Price moves to .9069. No Action

Price moves to .9070. Stop is moved to .9050. As the trade is now at break-even, the EA stops moving the Stop.

The parameters then are:

Trigger_Pips: the number of pips price moves further INTO PROFIT before the stop is trailed. Note this does not include cases where price moves towards the stop, then away. It must move the number of pips away from the ENTRY PRICE for this.

Trailing_Pips: the number of pips the stop is moved each time Trigger_Pips is attained.

I hope this is clear, if not, just ask.

Please note that I wish to test this for 2 weeks after delivery of the executable before release of funds, so factor this delay into your quote.



Skills: Metatrader

See more: stop metatrader, e trade, metatrader trailer, trailer, moving quote, it factor, ea, trailing stop metatrader, delivery quote, trailing stop break, stop profit, test break, simple price action, moves profit, trailing profit, trailing, closer test, price metatrader, simple price quote, trailing stop profit, trailing stop profit pips, trade entry, metatrader stop, moving lines, entry price

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