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TrailingWithPartialClose Forex EA - Tested on LQDFX and FXOpen
Unlock potential profits with TrailingWithPartialClose.mq4, a powerful Expert Advisor (EA) designed for optimal Forex trading. This Forex Robot combines advanced algorithms with precision to enhance your trading experience. Tested on reputable brokers LQDFX and FXOpen, this EA offers reliable performance. Maximize your trading efficiency with TrailingWithPartialClose.mq4, your key to success in the dynamic Forex market. Download now for enhanced trading strategies and increased profitability.
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Unlock Forex Success with TrailingWithPartialClose EA!
TrailingWithPartialClose EA includes multiple trailing stop strategies to manage your trades. It helps you secure profits and limit losses as your trade moves in your favor.
How this EA works:
TrailingWithPartialClose EA monitors your open trades and adjusts the stop loss levels based on predefined strategies. It ensures that your stop loss follows the price, locking in profits or minimizing losses.
Setting it up:
Download the TrailingWithPartialClose.mq4 file.
Open MT4 and click on 'File' -> 'Open Data Folder.'
Go to the 'MQL4' folder and place theTrailingWithPartialClose EA file in the 'Experts' folder.
Restart MT4, and the EA will be available in the 'Navigator' panel.
Adjustable Parameters:
StopLoss: Maximum pips willing to lose per position.
usePartialClose: Enable partial close of positions (1 for enabled, 0 for disabled).
TP_Level1: First take profit level in pips.
Slippage: Maximum allowed slippage in pips.
TrailingStopType: Trailing stop strategy (1-7).
TrailingStop: Trailing stop in pips (for Type 2).
FirstMove: First level pip gain (for Type 3).
FirstStopLoss: Move stop to breakeven (for Type 3).
SecondMove: Second level pip gain (for Type 3).
SecondStopLoss: Move stop to lock in profit (for Type 3).
ThirdMove: Third level pip gain (for Type 3).
TrailingStop3: Move stop and trail from there (for Type 3).
BreakEven: Pips for breakeven (for Type 4).
LockInPips: Profit lock-in pips (for Type 4).
eTrailingStop: Pips for trailing stop (for Type 5).
eTrailingStep: Step for trailing stop (for Type 5).
TrailMA_TimeFrame: Timeframe for moving average (for Type 6).
TrailMA_Period: Period for moving average (for Type 6).
TrailMA_Shift: Shift for moving average (for Type 6).
TrailMA_Type: Moving average type (0-3) (for Type 6).
TrailMA_AppliedPrice: Applied price type (0-6) (for Type 6).
InitialStop: Initial stop loss (for Type 6).
StepParabolic: Step for parabolic SAR (for Type 7).
MaxParabolic: Maximum parabolic SAR value (for Type 7).
Interval: Interval for parabolic SAR (for Type 7).
Optimal Settings for Winning Strategies:
Currency Pairs: Suitable for major and minor pairs.
Timeframe: Works on various timeframes, but H1 and above are recommended.
Minimal Balance: Minimum account balance depends on the selected lot size and risk tolerance.
Winning Strategy Settings:
Currency Pairs: EUR/USD, GBP/USD, USD/JPY Timeframe: 1-hour (H1) and 4-hour (H4) Minimum Balance: $1,000
For the TrailingStopType:
Type 1: 1
Type 2: 2
Type 3: 3
Type 4: 4
Type 5: 5
Type 6: 6
Type 7: 7
For the StopLoss: StopLoss: 100
For the TP_Level1: TP_Level1: 20
For the Slippage: Slippage: 3
For the TrailingStop: TrailingStop: 15
For the FirstMove: FirstMove: 20
For the FirstStopLoss: FirstStopLoss: 50
For the SecondMove: SecondMove: 30
For the SecondStopLoss: SecondStopLoss: 30
For the ThirdMove: ThirdMove: 40
For the TrailingStop3: TrailingStop3: 20
For the BreakEven: BreakEven: 30
For the LockInPips: LockInPips: 1
For the eTrailingStop: eTrailingStop: 10
For the eTrailingStep: eTrailingStep: 2
For the TrailMA_TimeFrame: TrailMA_TimeFrame: 15
For the TrailMA_Period: TrailMA_Period: 10
For the TrailMA_Shift: TrailMA_Shift: 0
For the TrailMA_Type: TrailMA_Type: 1
For the TrailMA_AppliedPrice: TrailMA_AppliedPrice: 0
For the InitialStop: InitialStop: 0
For the StepParabolic: StepParabolic: 0.02
For the MaxParabolic: MaxParabolic: 0.2
For the Interval: Interval: 5
Customize the EA based on your trading style.
Use partial close to secure profits.
Set appropriate stop loss and take profit levels.
Experiment with different trailing stop types to see which suits your strategy best.
TrailingWithPartialClose EA is your key to managing trades smartly. It offers various trailing stop strategies to protect your gains and minimize losses. Customize the settings, backtest, and discover the winning strategy that suits your trading style!
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