Trialing Stop Function Expert Advisor

Trading Systems Expert Advisors and Automated Trading
1

I need a help to make a perfect trialing function setting for attaching expert advisor.

EURUSD
M5 Chart

These lines define several input parameters that can be set by the user when attaching the expert advisor to a chart in the MetaTrader 4 platform.

  • TP: Take Profit in pips. This is the desired profit level at which the position should be closed automatically by the system.
  • SL: Stop Loss in pips. This is the maximum loss level that the system will allow before closing the position automatically.
  • TStart: Trailing Stop start in pips. This is the distance in pips from the opening price at which the trailing stop should start.
  • TStop: Trailing Stop in pips. This is the distance in pips from the current price at which the stop loss level should be moved.
  • TStep: Trailing Stop Step in pips. This is the incremental distance in pips that the stop loss level should be moved every time the price moves in the desired direction.

By using these input parameters, the user can customize the behavior of the expert advisor according to their preferences and risk tolerance.

MetaMaster.ex4 (322.1 KB)