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  #21 (permalink)  
Old 12-27-2006, 08:20 AM
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trailing stop

im not programist, so u must be careful in using provided upper STOP files, because some of them automatically modify all opened orders and some modify only orders opened when EA is started. For sure i can say that aa.mq4
is the most controleable and works with orders which opened on switched EA. Its philosophy if very similar to STEP STOP, but aa.mq4 works like investor wants.


There would be very good if any programist modified that STOP files, to allow to choose which opened order u join to EA trailing stop.
I propose tu use aa.mq4, i think this is the best what is possible to find,
but u must test it to see when it sets stops and moves them or sets breakeven.
I think that having EA with breakeven is very important. I dont know why breakeven is so little underlined. My expierience tells me for sure that profit trading without breakevens is difficult, because good system is not able to tell u in 100% when to close profitable order. Even if u have profit u see many times when waiting for bigger profits become a loss and next profit and next loss. So finally u r not sure what to do. If u can use breakeven after price moves back u have executed profit and once again u enter the market for next profit.

i propose to read 2-3 times the link on strategybuilder, because the investor should know and use more than 1 method of closing the order. I think that should be accented a stop loss placed after some time. EG. your stop loss can close order at. 30 pips loss and/or after 6 bars. I remeber that author of braintrend uses some kind of TIME STOP LOSS. When he doesnt see profit after 4 bars he closes his order.

Last edited by master001; 12-27-2006 at 08:24 AM.
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  #22 (permalink)  
Old 05-26-2007, 10:58 PM
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What is the TrailingStep option supposed to do? I'm using the e-tailing EA which seems to work great with a TStop of 6 but was wondering what the TStep does?
Thanks
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  #23 (permalink)  
Old 06-08-2007, 01:36 AM
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trailing stop ea still has some bugs. if you use a mini account , it reported profit target is wrong.
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  #24 (permalink)  
Old 08-23-2007, 08:00 PM
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to me it looks like this can only be used for one order at a time. Is this correct?
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Old 09-22-2007, 02:57 PM
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Apply to Existing trades or all trades including New?

Tight Tailing Stops, automatic, not the manual one. Will this EA apply the stops to only existing trades, or will it automatically apply the stops to any newly generated trades as well. I have an autotrading EA and would like to apply trailing stops to all orders generated by the EA.


Last edited by frankmjr; 09-22-2007 at 03:03 PM.
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Old 06-27-2008, 01:04 AM
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Multiple orders on one currency pair

Quote:
Originally Posted by Nicholishen View Post
If you want to track manual orders, you'll have to use this version. It will only track one open order per currency at the moment.
Attach the EA and check the box that says "allow live trading". Set the TrailingAct to the level of profit (in pips) that you want to start the trailing stop. Set Trailing step to the amount of pips that you would like to trail.
Is it possible to code this EA to allow it to track multiple open orders on the one currency pair?
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