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Fine-Tune Your Trades with User-Defined Trailing Stops
Regular trailing stop means user defined settings to start trailing stop.
eg. trail in increments (15 pip trailing stop only moves the stop after the price has moved 15 pips in a given direction. it moves again after another 15 pips)
tmp_17881-trailing_profit(2)-345183796.mq4 2.79 kb, 58 downloads since 2016-08-21
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User's signature
Jehon
What's the result?
jenizon9191 wrote:
Regular trailing stop means user defined settings to start trailing stop.
eg. trail in increments (15 pip trailing stop only moves the stop after the price has moved 15 pips in a given direction. it moves again after another 15 pips)
About tmp_17881-trailing_profit(2)-345183796.mq4:
This EA focuses on securing profits and preventing losses in Forex trading. Its adjustable parameters allow you to customize when and how it takes action, while having control over key decision points.
The EA offers the flexibility to fine-tune its behavior through the following adjustable parameters:
percent_of_profit: This parameter allows you to set the percentage of profit at which the trailing feature becomes active. For example, if you set it to 33%, trailing will commence once your profit exceeds 33% of the minimum profit.
minimum_profit: You can specify the minimum profit level that triggers the trailing mechanism. When your profit exceeds this threshold, the EA will start trailing your trades.
How the EA Works:
The EA operates continuously, monitoring all your open trades in the MetaTrader 4 platform.
It calculates the current profit for each of your open positions. This includes not only the profit from the trade itself but also any swap fees that may have accrued.
You have the option to set a "minimum_profit" parameter. This parameter establishes a specific profit level that you want to achieve before the EA takes any action.
Once your profit exceeds the minimum target set in "minimum_profit," the EA activates its trailing mechanism.
The trailing mechanism adjusts the stop-loss levels of your open trades dynamically. It aims to lock in a portion of your profits as the market moves in your favor.
In addition to profit protection, the EA also has a "percent_of_profit" parameter. This parameter allows you to define a percentage of profit that you want to safeguard.
If your profit falls below the percentage defined in "percent_of_profit," the EA takes swift action to close all of your open trades. This action is crucial for preventing further losses.
So, this EA provides automated trade management with a focus on profit protection and loss prevention. Its adjustable parameters give you control over when and how it acts, allowing you to customize its behavior.
About tmp_17881-trailing_profit(2)-345183796.mq4:
This EA focuses on securing profits and preventing losses in Forex trading. Its adjustable parameters allow you to customize when and how it takes action, while having control over key decision points.
The EA offers the flexibility to fine-tune its behavior through the following adjustable parameters:
percent_of_profit: This parameter allows you to set the percentage of profit at which the trailing feature becomes active. For example, if you set it to 33%, trailing will commence once your profit exceeds 33% of the minimum profit.
minimum_profit: You can specify the minimum profit level that triggers the trailing mechanism. When your profit exceeds this threshold, the EA will start trailing your trades.
How the EA Works:
The EA operates continuously, monitoring all your open trades in the MetaTrader 4 platform.
It calculates the current profit for each of your open positions. This includes not only the profit from the trade itself but also any swap fees that may have accrued.
You have the option to set a "minimum_profit" parameter. This parameter establishes a specific profit level that you want to achieve before the EA takes any action.
Once your profit exceeds the minimum target set in "minimum_profit," the EA activates its trailing mechanism.
The trailing mechanism adjusts the stop-loss levels of your open trades dynamically. It aims to lock in a portion of your profits as the market moves in your favor.
In addition to profit protection, the EA also has a "percent_of_profit" parameter. This parameter allows you to define a percentage of profit that you want to safeguard.
If your profit falls below the percentage defined in "percent_of_profit," the EA takes swift action to close all of your open trades. This action is crucial for preventing further losses.
So, this EA provides automated trade management with a focus on profit protection and loss prevention. Its adjustable parameters give you control over when and how it acts, allowing you to customize its behavior.
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